Howard Marks

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!

Billionaire investor Howard Marks, renowned for his clear and engaging writing style, breaks down the barriers of complex investment concepts. He discusses the importance of clarity and humor in writing, sharing his four tenets for impactful communication. Marks emphasizes that creating a unique point of view is essential for making ideas resonate. He also explores the interplay of luck and opportunity, and how analogies can simplify complex topics. His insights highlight the power of storytelling in finance, urging writers to challenge conventional wisdom.

Howard Marks, co-founder of Oaktree Capital and a renowned investor, shares insights from his impressive career in finance. He discusses the importance of a well-defined investment philosophy and the unpredictability of human behavior. Marks emphasizes the necessity of effective risk management, viewing it as a strategy to engage with uncertainty rather than avoid it. He also dives into contrarian investing, encouraging aspiring investors to challenge market norms and embrace mentorship. Tune in for a treasure trove of investment wisdom!

Howard Marks, co-founder and co-chair of Oaktree Capital Management, is a renowned credit investor famous for his insights on market bubbles. In this discussion, he delves into how he identifies market bubbles compared to bull runs. Marks shares his experiences from the dot-com bubble and the 2008 financial crisis, highlighting the psychological impact of FOMO on investors. He also offers perspectives on the current Big Tech boom and AI investments, emphasizing the need for strategic thinking and risk assessment in today's volatile market.

Billionaire investor, author and co-founder of Oaktree Capital Howard Marks discusses risk assessment, how to think different than the crowd, and the three mighty dares that separate the successful from the also-rans.   Go Premium: Members get early access, ad-free episodes, hand-edited transcripts, searchable transcripts, member-only episodes, and more. Sign up at: https://fs.blog/membership/   Every Sunday our newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/   Follow Shane on Twitter at: https://twitter.com/ShaneAParrish   Learn more about your ad choices. Visit megaphone.fm/adchoices

Oaktree Co-Chairman Howard Marks joins the podcast to discuss his investment philosophy, risk management, and decision-making quality. They explore key investing principles, market dynamics, sound risk management, and lessons from card games for investing. Marks emphasizes patience, wisdom, and understanding market cycles in decision-making, highlighting the importance of risk control for achieving investment goals.

This week, Trey Lockerbie talks with Howard Marks, an investing legend and founder of Oaktree Capital. Howard shares his insights on the current Sea Change in financial markets, marking a pivotal shift in his 50-year career. He delves into how AI and Bitcoin are reshaping investment strategies and discusses the impact of a moderate interest rate environment on global debt. His reflections on Japan's economy and adapting to evolving market conditions offer listeners valuable perspectives on risk management and investment philosophy.

Howard Marks, co-founder of Oaktree Capital Management, shares his insights on the evolving credit landscape and private equity. He discusses investor sentiment shifts and the rise of private credit, emphasizing the importance of risk management and market cycles. Marks reflects on his formative years in finance and the art of memo writing, linking it to investment clarity and success. He elaborates on the nuances of private and public credit markets, highlighting strategic timing and the impact of economic conditions on investment decisions.

Financial expert Howard Marks and journalist Edward Chancellor discuss the history and impact of interest rates, the effects of low and negative interest rates on the economy, the complex relationship between interest rates and capital flows, the criticism of central bank activism, and the importance of monitoring the credit cycle in successful market calls.

Howard Marks (@howardmarksbook) is co-chairman and co-founder of Oaktree Capital Management, a leading investment firm with more than $120 billion in assets. He is the author of the new book Mastering the Market Cycle: Getting the Odds on Your Side, and his previous book on investing, The Most Important Thing: Uncommon Sense for the Thoughtful Investor, was a critically acclaimed bestseller. Warren Buffett has written of Howard Marks: "When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something." Marks holds a B.S.Ec. degree from the Wharton School of the University of Pennsylvania with a major in finance and an M.B.A. in accounting and marketing from the University of Chicago.In this conversation, we discuss:How his firm was poised to capitalize on the bubble in 2008 and put massive amounts of capital to work.His thoughts on understanding market cycles for making better decisions.The three stages of a bull market.Newsletters he reads.Thoughts on Bitcoin and cryptocurrencies.Much, much more...Studying what Howard says transcends the world of investing—it's really a study in clearer thinking. I hope you enjoy and learn as much as I did!This episode is brought to you by Inktel. Ever since I wrote The 4-Hour Workweek, I've been frequently asked about how I choose to delegate tasks. At the root of many of my decisions is a simple question: "How can I invest money to improve my quality of life?" Or "how can I spend moderate money to save significant time?"Inktel is one of those investments. They are a turnkey solution for all of your customer care needs. Their team answers more than 1 million customer service requests each year. They can also interact with your customers across all platforms, including email, phone, social media, text, and chat.Inktel removes the logistics and headache of customer communication, allowing you to grow your business by focusing on your strengths. And as a listener of this podcast, you can get up to $10,000 off your start-up fees and costs waived by visiting inktel.com/tim. This podcast is also brought to you by Helix Sleep. I recently moved into a new home and needed new beds, and I purchased mattresses from Helix Sleep.It offers mattresses personalized to your preferences and sleeping style — without costing thousands of dollars. Visit Helixsleep.com/TIM and take the simple 2-3 minute sleep quiz to get started, and the team there will match you to a mattress you'll love.Its customer service makes all the difference. The mattress arrives within a week, and the shipping is completely free. You can try the mattress for 100 nights, and if you're not happy, they'll pick it up and offer a full refund. To personalize your sleep experience, visit Helixsleep.com/TIM and you'll receive up to $125 off your custom mattress.***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Visit tim.blog/sponsor and fill out the form.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.