Howard Marks on

market behavior

2 entries, 14 Jan 2019 to 21 Apr 2026

On the recordsourced and dated, oldest first

    1. spoken

      Marks quotes Feynman that physics would be harder if electrons had feelings, unlike human investors.

      “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.”

      14 Jan 2019 · Milken Institute · 16:55 · source · permalink
    1. spoken

      Marks argues investing requires optimism because it involves giving money to others hoping for more later.

      “By the way, I believe that there is a predisposition to be optimistic. Not pessimistic, optimistic. Why is that? Because you have to be optimistic to be an investor.”

      21 Apr 2026 · Wharton School · 8:24 · source · permalink

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