The Minutes of Howard Marks on judgment https://minutesof.com/howard-marks/on/judgment/ Everything Howard Marks has said on judgment: 2 verbatim quotes from June 2022, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:29 +0000 Marks says computers cannot identify the next Steve Jobs or Amazon because these require subjective future jud https://minutesof.com/q/30e16755-75ff-408c-a0a1-b6bba4f61815/ https://minutesof.com/q/30e16755-75ff-408c-a0a1-b6bba4f61815/ “I don't think it can look at five business plans and figure out which is the next Amazon. These are subjective judgments about the future, not based on past data.” — Goldman Sachs Thu, 30 Jun 2022 15:18:25 +0000 judgment Marks argues computers cannot identify the next Steve Jobs or Amazon through subjective future judgments. https://minutesof.com/q/b8cd089e-5d40-41ce-be19-1d0f524366ba/ https://minutesof.com/q/b8cd089e-5d40-41ce-be19-1d0f524366ba/ “I don't think it can look at five business plans and figure out which is the next Amazon. These are subjective judgments about the future,” — Goldman Sachs Thu, 30 Jun 2022 15:18:25 +0000 judgment