Howard Marks, a renowned investor known for his expertise in market cycles, teams up with Morgan Housel, bestselling author and partner at Collaborative Fund. They delve into the intricate dynamics between debt and investment outcomes, discussing how leverage can amplify risk and returns. The conversation touches on the necessity of resilience and long-term strategies, drawing insights from historical examples and the wisdom of embracing volatility. Housel’s thoughts on managing debt and the psychological aspects of finance add depth to this compelling dialogue on sustainable investing.