Howard Marks Flags Uncertainty in AI Investing
TL;DR
Oaktree Capital Management co-founder & co-chair Howard Marks says optimism has dominated markets since late 2022, pushing investors to look past bad news and making caution increasingly important. Marks is on Bloomberg This Weekend and tells David Gura and Christina Ruffini that enthusiasm around AI is undeniable but uncertainty over its profitability, valuations and potential impact on jobs makes it impossible to determine whether that exuberance is irrational.
Nauti's Take
For small teams, Marks offers a useful test routine: before embedding an AI tool in an important workflow, track cost per outcome, actual usage, and measurable time saved for three months. Market opinions alone cannot settle the question.
Your own numbers show whether the workflow still holds up if prices rise or adoption stays below expectations.
Sources