The Art of Value How Howard Marks Predicts Each Stock Market Crash & Recovery
JJ discusses the latest Memo from legendary value investor Howard Marks, Taking the Temperature, in which Marks explains his strategy of taking the temperature of the stock market at any given time. Marks has made only 5 stock market calls since 2000, and got them right. He thinks we can do it too.
Timestamps:
00:00 Howard Marks, Taking the Temperature intro
01:15 Jan 2000 : Calling the Dotcom Bubble bust
03:40 2004-2007: A slow developing train wreck
05:26 2008: Subprime and the Global Financial Crisis
06:45 Late 2008: Putting money to work in a cold market
08:09 2012: The death of equities? Déjà vu all over again
11:09 March 2020: Market panic and fear - a time to buy
13:11 How we can make correct market calls
15:27 Stock market pattern recognition
Related content:
Howard Marks Says Historic Stock Market Sea Change Has Begun
https://open.spotify.com/episode/0P39cFztbVFU369YbFjNCK?si=bdc9c45581e44c63
Investing books featured in the episode:
Mastering The Market Cycle: Getting the Odds on Your Side by Howard Marks (referral link)
Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor (referral link) https://amzn.to/3Ykgw0C
Using a referral link helps support the pod, thanks!
The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664
I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalue
Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.