5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP497: Lessons from Billionaire Howard Marks

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Playing Offense and Defense in Investing

A lot of people want to make big gains, but very few investors are able to have a good investment career over a long time period. Constantly swinging for the fences on your investments inevitably leads people to having a portfolio full of losers because they're taking too much risk. So I think it all comes down to just finding that right balance between offense and defense as an investor.

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