Howard Marks / 霍华德·马克斯
Howard Marks / 霍华德·马克斯 enters this wiki through vol.124.信息过载后如何保持冷静？ | 投资账复盘, where [[DavidWeng|大卫翁]] uses Marks’s April 2025 memo “Nobody Knows II” as a discipline for investing during tariff shock, trade-war anxiety, and market volatility.
The episode’s takeaway from Marks is not a specific market forecast. It is a three-step behavioral filter: receive information, ask whether anyone truly knows what will happen, and only then decide whether portfolio action is justified. That makes Marks a reference point for Information Overload Knowledge Trap, Macro Event vs Macro Trend Distinction, and Investment Risk Management.
Connections
- [[QizhulouYanBinke|起朱楼宴宾客]] and [[DavidWeng|大卫翁]] - source show and host using Marks’s memo as an uncertainty frame.
- Information Overload Knowledge Trap - information access does not equal usable judgment.
- Macro Event vs Macro Trend Distinction and Market Regime Shift - the episode’s distinction between current shock and investable long-term trend.
- Investment Risk Management, Portfolio Suitability, and Sleep-Well Portfolio Test / 睡眠理论 - practical behavior-control pages extended by the source.