The Minutes

Howard Marks on

society

6 entries, 11 Dec 2025 to 26 May 2026

On the recordsourced and dated, oldest first

    1. spoken

      Marks worries that replacing income from lost jobs cannot address purposelessness since jobs provide more than paychecks.

      “And I think it's a natural consequence of people sitting around all day. And even if we if we can find a way to replace their income I worry about purposelessness and you know we get so much job so much from our jobs other than a paycheck and you can't replace that stuff.”

      11 Dec 2025 · Bloomberg Podcasts · 10:02 · source · permalink
    2. spoken

      Marks argues job losses from automation and offshoring coincided with the opiate epidemic in both amount and geographic location.

      “And as I said in the addendum, When we lost jobs to automation and offshoring, I think that that coincided with the opiate epidemic and not only in amount but also in location.”

      11 Dec 2025 · Bloomberg Podcasts · 9:39 · source · permalink
    3. spoken

      Marks worries that replacing income alone cannot address purposelessness from job loss and unemployment.

      “And I think it's a natural consequence of people sitting around all day. And even if we if we can find a way to replace their income I worry about purposelessness”

      11 Dec 2025 · Bloomberg Podcasts · 10:02 · source · permalink
    1. spoken

      Marks expresses concern that AI moves faster than society can adjust, creating a formula for disruption.

      “So one of my concerns is that AI moves faster than the ability of society to adjust to it. And that and that is a formula for disruption.”

      5 Mar 2026 · CNBC Television · 3:14 · source · permalink
    2. spoken

      Marks warns AI's innovation speed exceeds society's adjustment capacity, predicting significant dislocation period.

      “Mhmm. So you might say it'll catch up, but I think you could I think at minimum, you're talking about a significant period of dislocation.”

      26 May 2026 · Oaktree · 20:45 · source · permalink
    3. spoken

      Marks argues AI innovation speed exceeds society's ability to adjust to changes.

      “I think that the speed at which AI can innovate is faster than the speed at which society can adjust.”

      26 May 2026 · Oaktree · 20:38 · source · permalink

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