Howard Marks (@howardmarksbook) is co-chairman
and co-founder of Oaktree Capital Management, a leading
investment firm with more than $120 billion in assets. He is the
author of the new book Mastering the Market Cycle: Getting the
Odds on Your Side, and his previous book on investing, The Most
Important Thing: Uncommon Sense for the Thoughtful Investor, was
a critically acclaimed bestseller. Warren Buffett has written of
Howard Marks: "When I see memos from Howard Marks in my mail,
they're the first thing I open and read. I always learn
something." Marks holds a B.S.Ec. degree from the Wharton School
of the University of Pennsylvania with a major in finance and an
M.B.A. in accounting and marketing from the University of
Chicago.
In this conversation, we discuss:
How his firm was poised to capitalize on the bubble in 2008
and put massive amounts of capital to work.
His thoughts on understanding market cycles for making better
decisions.
The three stages of a bull market.
Newsletters he reads.
Thoughts on Bitcoin and cryptocurrencies.
Much, much more...
Studying what Howard says transcends the world of investing—it's
really a study in clearer thinking. I hope you enjoy and learn as
much as I did!
This episode is brought to you by
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***
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Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil
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Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené
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