Acquired Howard Marks & Andrew Marks: Something of Value
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Aug 30, 2022 
Join legendary investor Howard Marks, co-founder of Oaktree Capital, and his son Andrew Marks, founder of TQ Ventures, as they explore the intriguing synergy between value and growth investing. They discuss Howard's influential memo on this dynamic, share insights on navigating volatile markets, and reveal how their father-son collaboration enriched their perspectives. The conversation also touches on assessing founders beyond credentials and the psychological intricacies of investment decisions. It's a fascinating dive into modern investing, blending wisdom and fresh perspectives!
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Value vs. Growth
- Value and growth investing aren't opposites but two sides of the same coin.
- Don't rigidly adhere to one style, but adapt based on circumstances.
Nifty Fifty Debacle
- Howard Marks recounts his early career experience with the "Nifty Fifty" stocks.
- These stocks, considered the best and fastest-growing, were overpriced and ultimately lost investors money.
Newspaper Industry Disruption
- Newspapers were once considered a safe, moat-protected investment due to their local monopolies and recurring revenue.
- Technological advancements and changing consumer behavior disrupted this industry.
