Being Clever

· November 20, 2018

Wonderful quote from Howard Marks’ Mastering The Market Cycle

When there’s nothing clever to do, the mistake lies in trying to be clever.

His context is investing with regard to the market cycle - namely that the greatest opportunities are at the bottom of a cycle - but the sentiment applies widely. Technologists make this mistake by ignoring that larger environment around the problem they have fixated on. I know I have.