Inner Wisdom Quotes
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Quotes by Howard Marks
Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ.
- Howard Marks
IWQ
Howard Marks
Investing
The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological.
- Howard Marks
IWQ
Howard Marks
Psychology
Most great investments begin in discomfort.
- Howard Marks
IWQ
Howard Marks
Investing
The most important thing is to be aware of the range of possibilities and to try to find investments where the range of possibilities is in your favor.
- Howard Marks
IWQ
Howard Marks
Possibilities
The biggest risk in investing is thinking you have it all figured out.
- Howard Marks
IWQ
Howard Marks
Risk
Risk control is invisible in good times but still essential, since good times can so easily turn into bad times.
- Howard Marks
IWQ
Howard Marks
Risk control
The biggest mistake investors make is to believe that what happened in the recent past is likely to persist.
- Howard Marks
IWQ
Howard Marks
Past
In the world of investing, being correct isn't enough. You also have to be correct at the right time.
- Howard Marks
IWQ
Howard Marks
Timing
The investor's chief problem—and even his worst enemy—is likely to be himself.
- Howard Marks
IWQ
Howard Marks
Self-awareness
To achieve superior investment results, you have to hold non-consensus views regarding value, and they have to be accurate.
- Howard Marks
IWQ
Howard Marks
Investing
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