“The most important thing is to take the temperature of the market and know where we stand in the cycle. You can’t predict the future with certainty, but you can assess whether markets are hot or cold, whether investors are panicked or euphoric, and adjust your behavior accordingly.”
Howard Marks
• 2025
“The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.”
Warren Buffett