The Rewind: It Is What It Is
The Memo by Howard Marks
00:00
Taking the Temperature of the Market
The future is not knowable. The events of the future don't exist to day, how can we say what they are or will be? Emotion contributes some of the randomness in the markets. And you have to understand that even if you know the probability distribution perfectly, you still don't know what's going to happen.
Transcript
Play full episode
