The Minutes

Howard Marks on

productivity

3 entries, 21 Feb 2026 to 21 Feb 2026

On the recordsourced and dated, oldest first

    1. spoken

      Marks quotes Buffett distinguishing productivity gains from profitability in technology like internet and AI.

      “There's no doubt that the internet will produce a great increase in productivity. It's not clear that it'll have a positive impact on profitability.”

      21 Feb 2026 · The Investor’s Podcast · 9:47 · source · permalink
    2. spoken

      Marks notes CNN reported AI could eliminate half of entry level jobs while maintaining US GDP, raising profitability questions.

      “And obviously if you can produce The US GDP and eliminate half the entry level jobs, it could be more profitable or certainly more productive.”

      21 Feb 2026 · The Investor’s Podcast · 10:23 · source · permalink
    3. spoken

      Marks cites Buffett's point that productivity gains from internet and AI may not translate to profitability, now applied to AI.

      “There's no doubt that the internet will produce a great increase in productivity. It's not clear that it'll have a positive impact on profitability. And I think the same is true of AI.”

      21 Feb 2026 · The Investor’s Podcast · 9:47 · source · permalink

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