Tuesday, April 19, 2011

Howard Marks Quote (2001)

From his October 2001 Memo “What Lies Ahead?”:

I have no interest in being a pessimist or a bear, and I don't like to think of myself that way. I just may be more impressed by the unknowability of the future than most people. When I reflect on all of the mottoes I use, it seems half of them relate to how little we can know about what lies ahead.