The Minutes of Howard Marks on discipline https://minutesof.com/howard-marks/on/discipline/ Everything Howard Marks has said on discipline: 1 verbatim quote between June 2022 and August 2026, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:22:28 +0000 Marks says he's made only five to seven market calls in fifty years, when prices reached absurd extremes. https://minutesof.com/q/e759942d-218b-4ce0-b75e-be70dad8b744/ https://minutesof.com/q/e759942d-218b-4ce0-b75e-be70dad8b744/ “And when prices are at absurd extremes, the case, the logic for a market call is very strong, and the probability of being right is very high.” — Goldman Sachs Thu, 30 Jun 2022 15:18:25 +0000 discipline