{"id":217985,"date":"2026-02-27T00:40:00","date_gmt":"2026-02-27T05:40:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/02\/27\/howard-marks-says-ai-cant-match-the-edge-of-great-investors\/"},"modified":"2026-02-27T05:15:42","modified_gmt":"2026-02-27T10:15:42","slug":"howard-marks-says-ai-cant-match-the-edge-of-great-investors","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/02\/27\/howard-marks-says-ai-cant-match-the-edge-of-great-investors\/","title":{"rendered":"Howard Marks says AI can&#8217;t match the edge of great investors"},"content":{"rendered":"<p><a href=\"https:\/\/www.aol.com\/articles\/howard-marks-says-ai-cant-050101883.html\">Howard Marks says AI can&#8217;t match the edge of great investors<\/a><\/p>\n<p><a href=\"https:\/\/www.aol.com\/articles\/howard-marks-says-ai-cant-050101883.html\">https:\/\/www.aol.com\/articles\/howard-marks-says-ai-cant-050101883.html<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-02-27 00:40:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.aol.com\">www.aol.com<\/a><\/p>\n<p>Okatree Capital&#8217;s Howard Marks argues human insight still matters in an AI-driven market.<span class=\"copyright\">Patrick T. Fallon\/AFP\/Getty Images<\/span><\/p>\n<ul class=\"content-list\">\n<li>\n<p class=\"\">Investor Howard Marks argues AI lacks the intuition and judgment of top human investors in decision-making.<\/p>\n<\/li>\n<li>\n<p class=\"\">Artificial intelligence processes data better, but human insight still outshines it in unique situations.<\/p>\n<\/li>\n<li>\n<p class=\"\">Marks foresees AI raising the bar for investors, but said some humans will surpass its abilities.<\/p>\n<\/li>\n<\/ul>\n<p>Artificial intelligence may outperform most investors at sifting through data, but legendary investor Howard Marks says the best investors still have qualities it can&#8217;t fully replicate.<\/p>\n<p>&#8220;Great investors are much more than fast, unemotional processors of data,&#8221; Marks, the co-chairman of Oaktree Capital Management, wrote in a memo published Thursday. His firm manages $223 billion.<\/p>\n<p>This includes dealing with genuinely new situations and the ability to make &#8220;subjective decisions regarding qualitative factors and exercise taste and discernment,&#8221; he wrote.<\/p>\n<p>While AI may be able to generate hypotheses from historical patterns, Marks questioned whether its speculation about new things would be &#8220;consistently superior to that of all humans.&#8221;<\/p>\n<p>&#8220;Because a lot of the investing process comes down to speculation, and because of AI&#8217;s less-than-total reliability, I think it&#8217;s unlikely that AI will be infallible as an investor,&#8221; Marks wrote.<\/p>\n<p>He sees one more crucial difference.<\/p>\n<p>&#8220;AI doesn&#8217;t have skin in the game,&#8221; Marks wrote. &#8220;It doesn&#8217;t feel the weight of concentrated positions or the fear of capital loss.&#8221;<\/p>\n<p>Top investors have an instinctive feel for risk, which plays a major role in their success, he added.<\/p>\n<p>If widely available information can&#8217;t deliver an edge, Marks wrote, investment superiority has to be found in judgment and qualitative assessment \u2014 including &#8220;divining companies&#8217; futures.&#8221;<\/p>\n<p>&#8220;By definition, few people are highly superior at performing these non-quantitative tasks \u2014 put simply, few possess exceptional insight,&#8221; he wrote.<\/p>\n<p>That leaves room, in his&#8230;<\/p>\n<p><a href=\"https:\/\/www.aol.com\/articles\/howard-marks-says-ai-cant-050101883.html\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Howard Marks says AI can&#8217;t match the edge of great investors https:\/\/www.aol.com\/articles\/howard-marks-says-ai-cant-050101883.html Publish Date: 2026-02-27&#8230;<\/p>\n","protected":false},"author":1,"featured_media":217986,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/XiG0yuGHl9qluCgwqUZpUA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD05MDA-\/https:\/\/media.zenfs.com\/en\/aol_business_insider_articles_308\/b4a9171f1b74b17026650f368d53ad4f","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-217985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/217985"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=217985"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/217985\/revisions"}],"predecessor-version":[{"id":217987,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/217985\/revisions\/217987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/217986"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=217985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=217985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=217985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}