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    <title>The Minutes of Howard Marks on human nature</title>
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    <description>Everything Howard Marks has said on human nature: 4 verbatim quotes between January 2019 and April 2026, each with a timestamp and a link to the recording…</description>
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      <title>Marks describes how emotion drives buying when prices rise and selling when prices fall.</title>
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      <description>“Emotion, what we call human nature, tends to get us excited when things go well. And as things go well, prices prices rise rise rise and people wanna buy more and more and more.” — CNBC Television</description>
      <pubDate>Mon, 20 Apr 2026 17:53:37 +0000</pubDate>
      <category>human nature</category>
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      <title>Marks notes investors sell more when prices fall, opposite of normal behavior in every other walk of life.</title>
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      <description>“In every other walk of life, we buy more when things go on sale. In the markets, we sell more when things go on sale.” — Brookfield</description>
      <pubDate>Mon, 23 Feb 2026 18:35:50 +0000</pubDate>
      <category>human nature</category>
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      <title>Marks argues people&#x27;s asymmetric response to gains versus losses warps their ability to bear necessary risk.</title>
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      <description>“Most people care a little about a dollar made and a lost. Exposing yourself to the risk of loss is integral in trying to have a good investment return.” — Brookfield</description>
      <pubDate>Mon, 23 Feb 2026 18:35:50 +0000</pubDate>
      <category>human nature</category>
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      <title>Marks quotes Feynman that physics would be harder if electrons had feelings, unlike human investors.</title>
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      <description>“Richard Feynman, the great physicist, said that, physics would be much harder if electrons had feelings. We walk in the room, we turn on the light switch, the lights go on every time.” — Milken Institute</description>
      <pubDate>Mon, 14 Jan 2019 19:09:05 +0000</pubDate>
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