Money and Finance
- Howard Marks On Bloomberg
Link to video: Howard Marks on Risk Assessment, Market Strategy Sept. 5 (Bloomberg) -- Howard Marks, chairman of Oaktree Capital Group LLC, talks about assessing market risk, volatility and sentiment. Marks speaks with Stephanie Ruhle and Erik Schatzker...
- 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 ...
- Howard Marks On Skill-based Value Added
Howard Marks quote from July 2002, but probably just as valid in today’s environment (I also posted this last night on Twitter): “More than ever, I think non-market-derived, skill-based value added – that is, alpha, not beta – will hold the key...
- The “i Don’t Know” School Of Investing
From Howard Marks’ July 2003 Memo (“The Most Important Thing”): One thing each market participant has to decide is whether he (or she) does or does not believe in the ability to see into the future: the “I know” school versus the “I don’t...
- Howard Marks – April 2001 Memo: Safety First . . . But Where?
As is usual from Howard Marks, this 2001 letter was full of wisdom. A few things I found extra interesting are below (Marks’ excerpts are in blue).In the discussion about the prices of certain assets, I thought the third bullet point in the government...
Money and Finance
Humility in investing
From Howard Marks’ May 2002 Memo:
"I think humility is essential, especially concerning the ability to know the future. Before acting on a forecast, we must ask whether there's good reason to think we're more right than the consensus view already embodied in prices. I think it's possible to get a knowledge advantage with regard to under-researched companies and securities, but only through hard work and skill."
- Howard Marks On Bloomberg
Link to video: Howard Marks on Risk Assessment, Market Strategy Sept. 5 (Bloomberg) -- Howard Marks, chairman of Oaktree Capital Group LLC, talks about assessing market risk, volatility and sentiment. Marks speaks with Stephanie Ruhle and Erik Schatzker...
- 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 ...
- Howard Marks On Skill-based Value Added
Howard Marks quote from July 2002, but probably just as valid in today’s environment (I also posted this last night on Twitter): “More than ever, I think non-market-derived, skill-based value added – that is, alpha, not beta – will hold the key...
- The “i Don’t Know” School Of Investing
From Howard Marks’ July 2003 Memo (“The Most Important Thing”): One thing each market participant has to decide is whether he (or she) does or does not believe in the ability to see into the future: the “I know” school versus the “I don’t...
- Howard Marks – April 2001 Memo: Safety First . . . But Where?
As is usual from Howard Marks, this 2001 letter was full of wisdom. A few things I found extra interesting are below (Marks’ excerpts are in blue).In the discussion about the prices of certain assets, I thought the third bullet point in the government...