The Rules Are Changing: 10 Principles for Investing in an Uncertain World by Howard Marks

Investing in a Changing World

Investing in a Changing World

1- The world is not ending. But the rules are changing

2-Countries are re-thinking trade

3-This matter because trade is not just a political issue, but an economic engine.

4-Rethink the context for every investing decision

5- Do not rely on old models in a new world

6-Forecasting does not work in enviroments like this. It is not a flaw, it is a reality

7- Make probability, positioning your best friend

8-When uncertainty is high, discipline matters more.

9-Don’t confuse falling prices with rising risks. Markets go on sale. That is part of the cycle. The critical question is not “Will it go lowes?” it is “Am I being compensated fairly for the risk Im taking?”

10- US still remains a strong place to invest.