The Minutes of Howard Marks on valuation https://minutesof.com/howard-marks/on/valuation/ Everything Howard Marks has said on valuation: 2 verbatim quotes between May 2022 and August 2026, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:22:26 +0000 Marks characterizes current market valuations using traditional PE ratios as lofty but not nutty based on year https://minutesof.com/q/f0d15cf7-38a0-4bd3-9ba6-3d1f55b28cfa/ https://minutesof.com/q/f0d15cf7-38a0-4bd3-9ba6-3d1f55b28cfa/ “And, you know, those things showed the the market to be, I used the expression a year ago, lofty but not nutty.” — Prof G Markets Fri, 12 Jun 2026 11:00:07 +0000 valuation Marks says S&P prices doubled since September 2022 while intrinsic values have not. https://minutesof.com/q/eaa3ce09-3f74-4e7e-ac01-9176ea607804/ https://minutesof.com/q/eaa3ce09-3f74-4e7e-ac01-9176ea607804/ “since roughly 09/30/2022, I would venture that the S and P has doubled. I mean, company values haven't doubled, intrinsic values, but prices have doubled, so it's been a great time,” — Bloomberg Television Wed, 18 Mar 2026 17:49:13 +0000 valuation