In his recent memo “Is It a Bubble?” Howard Marks examines the speculative fervor surrounding artificial intelligence. He observes that “bubbles usually coalesce around new financial developments or technological progress” and notes that “newness plays a huge part in this. Because there’s no history to restrain the imagination, the future … Read More
Howard Marks: There’s Much Less Than 100% Probability That Investing In Any Given AI Company Or Sector Today Will Be Profitable
In a recent interview with Global Money Talk, Howard Marks reflected on his 35 years of writing investment memos, beginning with a simple belief: “I thought I had an interesting story to tell.” That story, from his very first memo, highlighted a pension fund that achieved top performance through remarkable … Read More
Jeremy Grantham: Navigating Bubble-Land
In this FEG interview, Jeremy Grantham reveals how to navigate market bubbles—and why identifying them is just the first step. His rueful admission—”It’s intellectually easy and psychologically disastrously difficult”—captures the pain of being early. During the late-’90s tech bubble, GMO’s conservative stance cost them clients who “treated us as if … Read More
Jeremy Grantham On The Mag 7’s AI War
In this interview with The Master Investor Podcast, Jeremy Grantham, the legendary investor who predicted the dotcom bust, the 2008 housing crash, and Japan’s lost decades, sees history repeating itself in today’s AI-driven market frenzy. “It is the guy selling the shovels at the peak of the gold rush, isn’t … Read More
Jim Chanos: The Madness of Markets
During his recent interview with The Odd Lots Podcast, Jim Chanos had some interesting things to say about current market absurdities. On Bitcoin “treasury” companies, he’s said: “It’s rarely that I have to increase my personal security after a podcast… but I had to do after our last podcast together … Read More
Jeremy Grantham: Market Mispricing, Return Chasing, and High-Quality Bargains
If you’ve ever wondered what it looks like when brutal honesty meets financial wisdom, Jeremy Grantham’s 2010 summer letter is a blueprint for clarity and conviction. And he doesn’t pull punches. Right from the start, he admits: “Well, I, for one, am more or less willing to throw in the … Read More
Howard Marks: FOMO vs. Fundamentals
Howard Marks has this gift for cutting through the noise. At Global Alts Miami 2025, he didn’t come with a market prediction or some flashy hot take on tech. In fact, when asked about Nvidia’s big 16% drop thanks to a new Chinese chatbot, he shrugged and said, “I don’t … Read More
Warren Buffett: Approval Is Not The Goal In Investing
In his 2008 Berkshire Hathaway Annual Letter, Warren Buffett says some people are keeping their money in the “boring place” because they feel safe. But in the long run, that’s not a smart move because the money won’t grow, and it will lose its value. Instead, he suggests thinking carefully, … Read More