Howard Marks: How should investors respond to the uncertainties of artificial intelligence?
2026-11-13 22:34:56
According to CoinMeta, as reported by Benzinga, Howard Marks, in his memo dated November 11th titled "How Ordinary People View AI," cited Warren Buffett's lesson that uncertainty is a friend of long-term value buyers. He emphasized that waiting for the market to become more favorable may result in higher investment costs. Marks believes that artificial intelligence presents complex forecasting challenges, and investors need to assess technological development, computational power requirements, profit-capturing companies, and the availability of financing. He questioned the predictability score of Anthropic's Claude for AI, which was rated 3, with even lower scores in profitability and other aspects, at only 2. Marks stated that it is still unclear whether the trillions invested in AI infrastructure will yield sufficient returns, and pointed out that although technology can change the economy, not all companies or investors will benefit from it. He advised cautious investment, careful risk selection, and acknowledged the existence of unforeseeable factors.
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