The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 4 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Opinion
Marks: Accommodating Fed policy and Greenspan put contributed to GFC
“I think that in, in, in some ways, the Fed contributed to the global financial crisis by being too accommodating. And, you know I think that Greenspan was so accommodating of the need of the economy to grow that And kind of a cheerleader that he permitted the …”
Howard Marks Mar 5, 2019 ▶ 23:16 #53 Howard Marks: Luck, Risk and Avoiding Losers
Opinion
Marks: 'Fair share' in taxation is rhetoric for higher taxes
“There is no such thing as a fair share. And the only question is who determines the fair share? And my feeling is that the fair share is by definition, when people say we're trying to get the rich to pay their fair share, what they mean is we're trying to get …”
Howard Marks Mar 5, 2019 ▶ 25:43 #53 Howard Marks: Luck, Risk and Avoiding Losers
Opinion
Howard Marks: Free Enterprise Requires Losers; Socialism Yields Only Losers
“You have to have losers and winners in the free enterprise system. If you don't want winners and losers, switch to the socialist system or communist system in which they in which they were only losers.”
Howard Marks Mar 5, 2019 ▶ 43:41 #53 Howard Marks: Luck, Risk and Avoiding Losers
Opinion
Marks: Universal basic income feeds physical needs but lacks work's psychological benefits
“Universal basic income will not give those benefits. It'll only feed the physical needs.”
Howard Marks Mar 5, 2019 ▶ 50:06 #53 Howard Marks: Luck, Risk and Avoiding Losers
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