“There’s nothing more volatile than attitudes.” - Howard Marks

Howard's MasterClass youtube.com/watch?v=cAHtuk…

Sentiment check: Ken Fisher believes we're now in the early phases of optimism...tempered by some remnant skepticism It's more of an art than a science: - not a lot of IPOs (especially low quality IPOs) - actual data is coming in more favorable than consensus forecast

“I still open up [this] blog post anytime I’m writing anything that’s important. It’s that good. I use it as my basic template for how to write well.” - Naval youtu.be/-7J-Gwc9pVg?si… Tim Ferriss dilbertblog.typepad.com/the_dilbert_bl…

“Knowledge comes, but wisdom lingers.” - Alfred Lord Tennyson H/t Ken Fisher

Peter Bernstein, Howard Marks's "hero," on continuously preparing for the unexpected: "Because of the existence of risk, things are going to be different from what we expect from time to time. How well are we prepared to deal when it's different?" youtu.be/WXQBUSryfdM?si…

“Mandating lower prices is generally the least effective way to get them… The best solution for high prices is high prices.”