From Howard Marks, co-founder of Oaktree Capital and author of The Most Important Thing: Uncommon Sense for the Thoughtful Investor.
You can’t predict, you can prepare.
Marks wrote in 2001 about the difficulty of predicting the future. Instead of trying to predict the future, he argues that it’s better to think about where we are in the bull / bear market cycle. And prepare accordingly. Do you know where we are in this bull market?
Do you have a favourite quote from a famous investor or stock market pundit? We’d love to hear it.
Shane Leonard CFA