The correctness of a decision can’t be judged from the outcome. Nevertheless, that's how people assess it. A good decision is one that’s optimal at t… - Howard Marks

" "

The correctness of a decision can’t be judged from the outcome. Nevertheless, that's how people assess it. A good decision is one that’s optimal at the time it’s made, when the future is by definition unknown. Thus, correct decisions are often unsuccessful, and vice versa.

English
Collect this quote

About Howard Marks

Howard Stanley Marks (born April 23, 1946) is an American investor and writer. He is the co-founder and co-chairman of Oaktree Capital Management, the largest investor in distressed securities worldwide.

Biography information from Wikiquote

Also Known As

Alternative Names: Howard Stanley Marks • Howard S. Marks
All quotes from Howard Marks Similar Quotes by other Originators
Try QuoteGPT

Chat naturally about what you need. Each answer links back to real quotes with citations.

Additional quotes by Howard Marks

Never forget the six-foot-tall man who drowned crossing the stream that was five feet deep on average.
Find Similar
If you've settled on the value approach to investing and come up with an intrinsic value for a security or asset, the next important thing is to hold it firmly. That's because in the world of investing, being correct about something isn't at all synonymous with being proved correct right away.
This quote has a book source. Sign up to see titles and page references
Find Similar
Works in ChatGPT, Claude, or Any AI

Add semantic quote search to your AI assistant via MCP. One command setup.

Set Up MCP
the world becomes a better place – an easier place to navigate if we admit that even though there are opinions, they may be wrong.
humility ideas opinions modesty
Find Similar