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

Investing in a Low Rate Environment

In his book, Marx discusses how one should go about investing when they can't find opportunities. He recommends what he calls patience opportunism in which you wait pitch after pitch until the right opportunity or right bargain comes along. The key to successful investing in such a crisis is first to be insulated from the forces that might require selling. And second, to be positioned to be a buyer instead.

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