Howard Marks
👤 SpeakerAppearances Over Time
Podcast Appearances
I don't care if I'm in the top 5% in any given year.
I'm absolutely unwilling to be in the bottom 5%, and I think so are they.
So that thing about being willing to be in the bottom 5% sounds to me like a post-justification.
But anyway, that's not how I choose to operate.
And so it was a great opportunity to write that up.
And so I wrote that one in 1990.
I think I wrote another one in 91.
Then I wrote one in 93.
There was no regularity.
And one of the things I like to mention, David, is that for the first 10 years, I never had a response.
Not only did nobody say it was good, nobody ever said I got it.
And these were mail?
This was pre-fax?
This was the old days of mail, but they only went to our clients.
So probably a few hundred.
Now it's a few hundred thousand by the subscriptions.
And by the way, you mentioned podcasts.
These things are also available in podcast form under something called The Memo, originally enough.
In any podcast player, we'll link to it.