HOWARD MARKS: COMO SOBREVIVER AO MAIOR EVENTO ECONÔMICO DO SÉCULO? | Market Makers #246

In this historic episode of Market Makers, recorded at the BB Asset Summit (an event hosted by @FundosBBAsset), Thiago Salomão and André Jakurski interviewed investment legend Howard Marks, co-founder of Oaktree Capital. In a frank and direct conversation, Marks analyzes the current scenario and reveals why, while the market isn't in a catastrophic bubble, excessive optimism has made assets expensive, and the current situation calls for a defensive, not aggressive, stance. He explains that human psychology drives cycles and that central banks can postpone, but not eliminate, recessions—and postponing them could make the next downturn even more severe. Howard Marks also points out where the real opportunities may lie today: in assets and markets that no one wants. He teaches that the greatest returns come from "doing the things other people don't want to do." He also uses a brilliant analogy with Brazilian soccer to explain how investors should build their portfolio to play both offense and defense, since there's no referee in the market to stop the game and allow substitutions. Finally, he shares incredible stories about how luck, like not being hired by Lehman Brothers, was crucial to building his billion-dollar career. A true lesson in risk, cycles, and the right mindset to thrive in the long term. LinkedIn BB Asset: https://www.linkedin.com/showcase/bba... 📌 Subscribe to the channel and turn on notifications so you don't miss any episodes! 📢 Support Market Makers and help strengthen the capital markets in Brazil! Click the link and become a member of our channel for just R$7.99 per month:    / @mmakers   📩Join our free newsletter: https://lp.mmakers.com.br/newsletter_... 📢Advertise your brand on Market Makers: [email protected] 📚Market Makers Library: https://mmakers.com.br/biblioteca-mar... - - - - - - - - HOWARD MARKS: HOW TO SURVIVE THE BIGGEST ECONOMIC EVENT OF THE CENTURY? | Market Makers #246 Hosts: Thiago Salomão (Host and Market Makers Analyst) and André Jakurski (Founder of Pactual and JGP Asset Management) Guest: Howard Marks (Founding Partner and Vice President of Oaktree Capital Management) #ECONOMY #USA #BRAZIL #STOCKS #STOCKMARKET #INVESTMENTS #FINANCIALMARKET #MARKETMAKERS #THIAGOSALOMÃO