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Five Accurate Calls
- Howard Marks shared five past memos containing market calls during a reporter interview.
- These calls, made over 20 years, proved accurate, reflecting key market turning points.
Infrequent Calls, High Accuracy
- Marks's son pointed out he made only five market calls in 50 years.
- This highlighted that the calls were made during extreme market conditions, increasing their accuracy.
The TMT Bubble Call
- In 1999, influenced by the book "Devil Take the Hindmost," Marks saw similarities between the TMT boom and historical bubbles.
- His memo "bubble.com" warned of an overheated market.