I completely agree. This guy is way outside his area of expertise. For those unaware, Howard Marks is a legendary investment manager with a decades-long impressive track record. Additionally, these "insights" letters are also legendary in the money management business. Personally, I would say his wisdom is one notch below Warren Buffett. I am sure he is regularly asked (badgered?) by investors what he thinks about the current state and future of AI (LLMs) and how it will impact his investment portfolio. The audience of this letter is investors (real and potential), as well as other investment managers.