market timing: everyone on the record — The Minutes https://minutesof.com/on/market-timing/ Everyone on the record about market timing: 8 verbatim quotes from 4 people, May 2022 to April 2026, in one chronology, each with a timestamp and a link… en Sun, 30 Aug 2026 22:33:05 +0000 Howard Marks: Marks says the only basis for buying is that things are cheap, not timing the bottom. https://minutesof.com/q/94298815-8f6f-4db4-96d5-81226d30eb10/ https://minutesof.com/q/94298815-8f6f-4db4-96d5-81226d30eb10/ “And so, the only basis for buying is that things are cheap. You can tell when things are cheap.” — Howard Marks, Wharton School Tue, 21 Apr 2026 16:17:40 +0000 market timing Howard Marks: Marks explains why timing the bottom is impossible: you can only identify it after the fact. https://minutesof.com/q/fc0123a3-ff20-4400-aba2-d61c2185ee17/ https://minutesof.com/q/fc0123a3-ff20-4400-aba2-d61c2185ee17/ “the bottom is the day before it starts going up. Right? And if that's true, then by definition, you never know when you're at the bottom because you can only tell the next day.” — Howard Marks, Wharton School Tue, 21 Apr 2026 16:17:40 +0000 market timing Bill Gurley: Gurley says non-AI company valuations have been cut in half in past five weeks due to VC focus on https://minutesof.com/q/72fb6e8e-f76a-452e-8beb-86af85241468/ https://minutesof.com/q/72fb6e8e-f76a-452e-8beb-86af85241468/ “in the past five weeks, the valuations on the non AI companies have been cut in half and so that mentality is gonna be reinforced even more and so there's just no oxygen.” — Bill Gurley, School of Hard Knocks Podcast Thu, 26 Mar 2026 21:34:25 +0000 market timing Howard Marks: What if I said, every four days I got either say buy or sell? I think that my record would be fi https://minutesof.com/q/609e3ed8-dc41-42e3-ab3a-16e464e92000/ https://minutesof.com/q/609e3ed8-dc41-42e3-ab3a-16e464e92000/ “What if I said, every four days I got either say buy or sell? I think that my record would be fifty fifty at best.” — Howard Marks, The Investor’s Podcast Sat, 13 Dec 2025 22:45:06 +0000 market timing Dylan Patel: Patel notes early GPU systems had low volume but Supermicro continued engineering through generat https://minutesof.com/q/50295a8f-e024-4603-a38c-34b4fff1d59a/ https://minutesof.com/q/50295a8f-e024-4603-a38c-34b4fff1d59a/ “What there there wasn't much volume. Right? In those initial systems. Right? In the early time frame. Yeah. Early time frame.” — Dylan Patel, Supermicro Thu, 16 Oct 2025 17:00:47 +0000 market timing Bill Gurley: Gurley predicts headlines about death of software will appear silly in less than 24 months. https://minutesof.com/q/1f93a15e-86c5-4c0a-9944-9d4f2a02cade/ https://minutesof.com/q/1f93a15e-86c5-4c0a-9944-9d4f2a02cade/ “I suspect that these headlines, the end of software, the death of software, in I would argue less than twenty four months will appear to be silly.” — Bill Gurley, Bg2 Pod Mon, 10 Jun 2024 14:22:07 +0000 market timing Brad Gerstner: Gerstner predicts software acceleration will begin in Q3-Q4 2024, proving AI is an accelerant r https://minutesof.com/q/df5258ce-6d71-463c-aa36-a0995c2fb5bf/ https://minutesof.com/q/df5258ce-6d71-463c-aa36-a0995c2fb5bf/ “And when that happens, people will say, oh, no. Software's not dead. It in fact is an accelerant, but it's not gonna be equally good for all companies.” — Brad Gerstner, BG2 Pod Mon, 10 Jun 2024 13:40:00 +0000 market timing Bill Gurley: Gurley says post-correction windows are the calmest periods with least anxiety in his three-decad https://minutesof.com/q/e93af461-4e49-42e6-8231-0844aafe4b3c/ https://minutesof.com/q/e93af461-4e49-42e6-8231-0844aafe4b3c/ “By the way, I found, and I shared this with my partners the other day, I found through my career, which wasn't four decades, okay.” — Bill Gurley, All-In Podcast Mon, 23 May 2022 05:10:20 +0000 market timing