Money and Finance
Howard Marks quote (emotion and ego)
“Refusing to join in the errors of the herd—like so much else in investing—requires control over psyche and ego. It’s the hardest thing, but the payoff can be enormous. Mastery over the human side of investing isn’t sufficient for success, but combining it with analytical proficiency can lead to great results.” –Howard Marks, The Most Important Thing Illuminated
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Howard Marks' Crystal Ball Proved Accurate
Link to article: Howard Marks' Crystal Ball Proved Accurate Ten years ago, veteran investor and writer Howard Marks sent a contrarian -- and prescient -- memo to clients of his firm, Oaktree Capital Management, assessing the state of the hedge...
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Howard Marks Quote (humility)
“In my view, the road to investment success is usually marked by humility, not ego.” –Howard Marks, The Most Important Thing Illuminated
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Howard Marks Quote (risk)
“Great investing requires both generating returns and controlling risk. And recognizing risk is an absolute prerequisite for controlling it. Hopefully I’ve made clear what I think risk is (and isn’t). Risk means uncertainty about which outcome...
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Excerpt From The Most Important Thing Illuminated - By Howard Marks
Contrarianism By Howard Marks, Author of The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor Accepting the broad concept of contrarianism is one thing; putting it into practice is another. On one hand, we never know how...
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Speech Notes: Howard Marks At Nyssa
Via Distressed Debt Investing: On April 5, Howard Marks, legendary investor and Chairman of Oaktree Capital Management, spoke at New York Society of Securities Analysts. He is also the author of the book, “The Most Important Thing: Uncommon Sense for...
Money and Finance