Episode 59
The Folly of Certainty
The Memo by Howard Marks · Oaktree Capital Management
July 17, 202419m 6s
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Show Notes
In his latest memo, Howard Marks discusses the importance of avoiding expressions of absolute certainty when operating in fields subject to randomness and human emotion, like politics, economics, and investing. He suggests that it’s better to have humility and acknowledge that the smartest thing to say is often “I don’t know.”
You can read the memo here (https://www.oaktreecapital.com/insights/memo/the-folly-of-certainty).