The Memo by Howard Marks

A helping of logic and insights in every podcast.

Loaded with nonsensical hot air we have heard from the Wall Street’s so called leaders on free markets??? There has never been a shred of free markets anywhere! Mr Marks should listen to this podcast to get the definition and impact of government take over by businesses and profits of a few billionaires and the rigged systems put in place to keep them happily in business tax free leading to the highly manipulated and fail-proof businesses/markets for the past century and more… Neither presidential candidates have expressed a viable economical plan to really address the economical cancer of our times, exuberant cost of all insurances & healthcare! Both at the brink of massive failures. Not discussed in any context so far. Housing cost is a direct reflection of this selective economical progress. Rigged zoning and permit planing to keep the inventories low for higher profits! It is not rocket science people!!! There needs to be a real change of thinking or else accepting what is and the consequences of total systematic collapse once the AI tools are in place to get it done with efficiency. 🧻🧻🧻

The podcast is in my humble opinion is full of insight and wisdom but occasionally can be a little dry I hope to glean tidbits of valuable information for years to come

Howard thinks theres value in broad market and youre a dummy if you sell. Hes right but in a boring way cause he doesnt explain the mechanism (inflation) that makes it so... central banks hate you if you have net worth less than 100 million.