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The Value Perspective

The Value Perspective with David Marcus – part 1

Mar 3, 2025
David Marcus, a veteran value investor with a distinguished career managing hedge funds and family offices, shares his insights from over three decades in finance. He reflects on his time at Mutual Shares and the vital lessons learned during the 1987 market crash. David recounts memorable experiences working alongside legendary investor Michael Price and discusses the importance of deep analysis in value investing. The conversation also touches on unconventional investment strategies from the 1980s and the value of mentorship in shaping a successful career.
01:04:22

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • David Marcus emphasizes the importance of probability thinking in navigating uncertainty to improve investment decision-making processes.
  • Michael Price's mentorship profoundly shaped Marcus's investment philosophies, highlighting critical analysis and the importance of a rigorous research-oriented approach.

Deep dives

Decision-Making in Uncertainty

Investors often face decision-making challenges in uncertain environments, highlighting the significance of probability thinking. Understanding the nature of uncertainty and how to navigate it through analytical tools can lead to more effective investment strategies. The podcast emphasizes the need for investors to overcome psychological biases when making decisions about individual investments or broader strategies. By examining the methodologies used across different fields, listeners can gain insights that improve their own decision-making processes.

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