Howard Marks

So if you like to listen, you can listen.

I like to read.

The dam broke one day and it ultimately picked up steam.

Well, I wrote one on the first day of 2000 called bubble.com.

And that one had two advantages.

Number one, it was correct.

And number two, it was correct quickly.

Because if you do something correct, but it turns out to be correct six years later, nobody remembers you.

But this one, of course, the tech bubble crapped out in mid 2000.

And so I like to say that after 10 years, I became an overnight success.

Were you posting them publicly always?

No.

I think we probably started posting probably around 2000, maybe when we got on the internet, which was of course a little earlier.

But when we started Oak Tree, they gave me a computer.

I said, I only want Excel and Word.

And that's all I had.

But that was 95.

Then I think we moved to 98.

I said, okay, I'll take that other stuff.

For the life of me, I couldn't figure out the difference between Explorer and email, but I got there eventually.