The Memo by Howard Marks cover image

The Rewind: You Can’t Predict. You Can Prepare.

The Memo by Howard Marks

00:00

You Can't Predict, You Can Prepare

The key to dealing with the future lies in knowing where you are, even if you can't know precisely where you're going. Knowing where you are in a cycle and what that implies for the future is very different from predicting the timing, extent and shape of the next cyclical move. The limits on our foreknowledge needn't doom us to failure, as long as we acknowledge them and act accordingly.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app