The Folly of Certainty

In his latest memo, Howard Marks discusses the importance of
avoiding expressions of absolute certainty when operating in
fields subject to randomness and human emotion, like politics,
economics, and investing. He suggests that it’s better to
have humility and acknowledge that the smartest thing to say is
often “I don’t know.”


You can read the memo here
(https://www.oaktreecapital.com/insights/memo/the-folly-of-certainty).