15 Investment Lessons by Howard Marks

Howard Marks is the co-founder of Oaktree Capital Management and author of "The Most Important Thing" and "Mastering the Market's Cycles". In this Q&A, he shares his investment wisdom covering these subjects: 00:00 - How to measure the temperature of the markets 00:48 - The danger of weaving a narrative. The case of tech and bitcoin 02:56 - Making money by lending to crap companies 08:26 - The logic behind market calls 11:36 - The value of idiosyncratic positions 12:39 - Dare to be great 17:47 - We don't value quantitative analysis and models 20:00 - Be a sceptic (the case of Bernie Madoff) 20:30 - Learn your lessons inexpensively 23:00 - Success carries the seeds of failure 23:58 - It is all about Balance 25:14 - How to rely (or NOT) on DATA 28:36 - Fixed Income Investing is the Negative Art 29:27 - If we avoid the losers, the winners take care of themselves 30:00 - Know what you don't know & know something other people don't know __________________________________________________________ Most of us were never taught how money works. Not at school. Not at home. And not by the financial industry. This is where I think out loud about building financial freedom — through videos, tutorials, and book reviews — test ideas against real experience, and share what actually works. You are not separated from your goals by a number of years, but by a number of decisions. __________________ ► MY WEBSITE: https://www.sweatyourassets.biz ► MY Podcast: https://sweatyourassets.biz/podcast/ ► RECOMMENDED BOOKS: https://sweatyourassets.biz/book-libr... ► JOIN MY MAILING LIST: https://sweatyourassets.biz/newsletter/ ───────────────────────────── Howard Marks Books: The Most Important Thing: https://amzn.to/43QdkgB Mastering the Market Cycles: https://amzn.to/3SiuPnh Master Your Finances. Alessandro Baroni