Howard Marks
Person on 3 sites
Co-founder and co-chairman of Oaktree Capital Management; author of the Oaktree memos.
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1 channel on ppll (opens ppll.app)
Where public figures publish, and what they are on record saying.
Updated 2025-12-09 -
10 beliefs on korrents (opens korrents.com)
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Nobody can yet know whether the current enthusiasm for AI is excessive, so anyone claiming conviction about how it resolves is overreaching. (opens korrents.com)
“Given the vast potential of AI but also the large number of enormous unknowns, I think virtually no one can say for sure.”
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A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. (opens korrents.com)
“Bubbles are best identified in retrospect.”
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If AI enthusiasm does not produce a bubble on the historical pattern, it will be the first transformative technology that did not. (opens korrents.com)
“If that enthusiasm doesn’t produce a bubble conforming to the historical pattern, that will be a first.”
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Nobody can yet know whether the current enthusiasm for AI is excessive, so anyone claiming conviction about how it resolves is overreaching. (opens korrents.com)
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4 recommendations on rcmnd (opens rcmnd.app)
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A Short History of Financial Euphoria (opens rcmnd.app)
“And this gives me a great opportunity to reference one of my favorite quotations from John Kenneth Galbraith’s wonderful book on market excesses:”
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Devil Take the Hindmost (opens rcmnd.app)
“In the fall of 1999, against the backdrop of the massive gains being achieved in tech, media, and telecom stocks, I read Edward Chancellor’s excellent book Devil Take the Hindmost.”
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Fooled by Randomness (opens rcmnd.app)
“Well, when you started to ask that question, I did fast-forward to Nassim Nicholas Taleb and his book Fooled by Randomness. I think it’s a really important book in terms of its ideas.”
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A Short History of Financial Euphoria (opens rcmnd.app)