Howard Marks
24 statements across 4 episodes · 6 bullish · 7 bearish · 3 people on the record · first statement Jan 20, 2020 by Howard Marks · said 58 times in 26 episodes since 2019 · across every show →
On the record as a speaker too: Howard Marks's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Harry Stebbings (22), Bill Gurley (16), Mike Maples (7), Michael Eisenberg (3), Scooter Braun (2), Mitchell Green (1), Julio Vasconcellos (1), Everett Randle (1)
tap a year for its mentions
2026 4 mentions in 3 episodes 1 per episode
- Mitchell Green: Why 50% of VCs Should Not Exist · 20VC with Harry Stebbings
- Anthropic's Fable Banned by US Government | Wix & Adobe Hit All-Time Lows | Mistral Raising at $20BN · 20VC with Harry Stebbings
- Why You Need a $1B Fund To Do Series A | SpaceX at $2TRN & Data Centers in Space | Groq's $20BN Deal · 20VC with Harry Stebbings
- every mention in 2026, scene by scene →
2025 4 mentions in 1 episode
2024 4 mentions in 2 episodes 2 per episode
- 20VC: Doug Leone, Bill Ackman, Bill Gurley and Orlando Bravo on "Does Price Matter"; When to Pay Up vs When to Stay Disciplined, The Biggest Lessons on Price Discipline from 8 of the World's Best Investors
- Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
- every mention in 2024, scene by scene →
2023 5 mentions in 3 episodes 2 per episode
- Is the VC Model Broken? Jason Lemkin, Mike Maples, Eric Paley & Harry Stebbings Debate | E1062 · 20VC with Harry Stebbings
- Scooter Braun on Being Enough, Insecurity, Wealth, Investing, Fame, Marriage and Much More | E1002 · 20VC with Harry Stebbings
- Mike Maples: Lessons from SVB; Crisis Management Tips; USD's Status as the Reserve Currency | E993 · 20VC with Harry Stebbings
- every mention in 2023, scene by scene →
2022 10 mentions in 6 episodes 2 per episode
- 20VC: 13 of the Great Investing Minds on When to Pay Up vs When To Remain Disciplined and Walk Because the Price is too High: The Ultimate Guide to Price Sensitivity
- 20VC: Former Governor of the Bank of England, Mark Carney on Why "Only the Niche Will Survive" in Crypto, How Governments and Central Banks Retain Control in a World of Decentralised Finance & The Winners and Losers in Crypto Exchanges and NFTs
- Julio Vasconcellos: Scaling to $100M and 1,200 Employees and then Cratering | 20VC #928 · 20VC with Harry Stebbings
- 20VC: The Memo: Bill Gurley, Doug Leone, Keith Rabois; Investing Lessons from Prior Busts, How Their Investor Psychology Changed, What Can Be Applied To Today's Market
- Fabrice Grinda: The First Person to Predict the Collapse of Credit Suisse? | 20VC #886 · 20VC with Harry Stebbings
- 20VC: WTF Is Going On? 3 Outcomes for What Could Happen From Here; What Needs to Happen To Avoid Recession? Why Stagnation is Most Likely and What This Means for Startups and Venture & Why Catastrophe is More Likely Than Ever and Switzerland Could Be a "H
- every mention in 2022, scene by scene →
2021 9 mentions in 4 episodes 2 per episode
- 20VC: Bill Gurley and Michael Eisenberg on The First Signs of an Impending Bust, What Happens with a Market Crash, How Do Public Markets Impact Private Valuations & The Biggest Lessons from 20 Years Investing in Venture
- 20VC: Benchmark's Peter Fenton on The Single Question That Defines The Art of Early Stage Venture, Marketing Timing Risk, Why The Oversupply of Capital Is Good & His Biggest Lessons from 12 Years On The New Relic Board
- 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
- 20VC: Twitter Co-Founder Biz Stone on The 3 Stages of Wealth, The Return To Twitter in 2017 and the Associated Missions and Challenges & Why Silicon Valley is not an "Insiders Only" Universe?
- every mention in 2021, scene by scene →
2020 9 mentions in 5 episodes 2 per episode
- 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
- 20VC: Upfront's Mark Suster on COVID Redefining What A Great Company Looks Like and What Valuations Look Like, Why Pay-To-Play Is Back On The Table & Why We Will See The Death of Party Rounds
- 20VC: How To Assess Risk and Value Creation, Why It Would Be Better If VCs Had Smaller Portfolios & How To Optimise Internal Decision-Making with Misha Esipov, Founder & CEO @ Nova Credit
- 20VC: Raising $105m in Just 13 Months Over 3 Separate Rounds, The 5 Core Ways VCs Can Add Value & How Founders Can and Should Fully Leverage Their Cap Table with Kurt Rathmann, Founder & CEO @ ScaleFactor
- 20VC: Why Now Is The Hardest Time To Raise an Institutional Pre-Seed in the Last Decade, What To Do When The Founder and VC Interests Do Not Align & The Rise of Pre-Emptive Rounds with Gaurav Jain, Founder & Managing Partner @ Afore Capital
- every mention in 2020, scene by scene →
2019 13 mentions in 2 episodes 7 per episode
- 20VC: Ash Fontana on The 5 Core Characteristics That Make Data Valuable, What VCs Can Learn From Italian Craftsmen and Howard Marks & The Importance of Vertical Integration In Scaling Today
- 20VC: Benchmark's Bill Gurley on 5 Traits Benchmark Look For When Adding To The Partnership, Why The Abundance of Capital Is Today's Biggest Challenge in VC & The Right Way To Think About Market Size When Assessing Opportunities
- every mention in 2019, scene by scene →
Everything said about Howard Marks, oldest first
Jan 20, 2020
Jan 20, 2020 bearish
Marks: Investors should reduce risk and take chips off the table
“I don't think we're in a massive bubble. I don't think this thing is gonna collapse anytime soon, but I do think that there is more risk than usual, which means that you should be more cautious than usual. I'm not saying that we're not going higher. I'm not sa…”
Jan 20, 2020
Jan 20, 2020 bearish
Marks: FOMO and greed dominate early 2020 markets
“That's when you get the best bargains, and that is not a very good description of today. Today, people are eager to invest. Fear of missing out seems to have taken over from fear of losing money. People are risk tolerant. They're greedy. They're optimistic. Th…”
Jan 20, 2020
Marks: Asset prices reflect fundamentals combined with investor optimism
“If I could know only one thing, I would think I'd want to know how much optimism there is in the price. You know, prices are not the result of investment fundamentals. They're a result of the combination of fundamentals and psychology. And, you know, the highe…”
Jan 20, 2020 positive
Jan 20, 2020 bearish
Marks: The market is in an advanced, elevated cycle stage
“I do think that we are in the upper advancing part of the cycle. You know, we've been in, it's been a long economic expansion, a long bull market, in both cases, the longest in history. Valuations of stocks are higher than usual. Interest rates and yield sprea…”
Jan 20, 2020
Jan 20, 2020
Mar 30, 2020
Mar 30, 2020 positive
Howard Marks: Europe Will Outperform US in Navigating COVID Crisis
“The U.S. Has a better underlying rate of growth and more economic vitality. On the other hand, I think that the U.S. Lacks the national leadership, which might be required to get us through this. My guess is that the, well, in this little instance here, I'm go…”
Mar 30, 2020 positive
Marks: Swift Government Actions Significantly Reduced Risk of a Global Depression
“My partner, Bruce Garsh, and I, talking, I would say, middle of last week, were afraid of a meaningful probability of a depression, with millions losing their jobs and businesses shuttered for long periods of time. Now, I think, with the government having done…”
Mar 30, 2020
Mar 30, 2020 positive
Jan 4, 2021 bearish
Jan 4, 2021 negative
Jan 4, 2021 negative
Jan 4, 2021
Jan 4, 2021 positive
Howard Marks: Central bank interventions prevented a 2020 global depression
“With that disclaimer out of the way, first of all, nine months ago, a global depression was absolutely a possibility. With the, most of the developed countries Certainly outside of Asia, shutting down their whole economies in order to limit contacts and bend t…”
Jan 4, 2021
Jan 4, 2021 positive
Jan 4, 2021 bearish
Jan 4, 2021
Jun 29, 2022
Gurley sought macro advice from Howard Marks and Stan Druckenmiller
“Funny story, about two or three years ago, when interest rates were heading into unprecedented territory, I told my partners I needed to talk to some macro experts, and I did everything I could to find my way to Howard and Stan Druckenmiller, and I was thrille…”