Quote of the day from investing legend Howard Marks: ‘You have to be prepared for when things go against you. You have to survive on the bad days’ – Life and investing lessons from Mastering the Market Cycle author

Howard Marks, a renowned investor, stresses survival over maximum returns. In one of his famous quotes, he advises investors to build resilient portfolios that can withstand market downturns. Marks warns against excessive risk-taking and leverage, which can lead to significant losses.