manufacturing
2 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Mar 5, 2019 by Howard Marks · across every show →
Everything said about manufacturing, oldest first
Mar 5, 2019
Marks: US lost 24M jobs to productivity gains versus 3M to China
“The point is that we have probably lost twenty-four million jobs to increasing productivity over the last 40 years compared to three million that went to China. And it shows you the scope of the problem and the location of the problem. The problem is not China…”
Jun 10, 2025
Hastings: Process eliminates variation, helping manufacturing but killing innovation
“Think of it as in manufacturing, you want to drive out variation. And in innovation, you want to increase variation. And so process really is the language and model of driving out variation and getting to consistency. And if you're in a safety critical busines…”