Howard Marks: 78 Years of Investing Wisdom in 60 Minutes (MUST WATCH)

In this Q&A podcast, the speaker discusses investment strategies and philosophies, drawing from personal experiences, influential books, and encounters with figures like Mike Milken. The speaker emphasizes the importance of risk control, consistency, and value investing, advocating for avoiding losers over chasing winners. They caution against relying on macro forecasts and market timing, highlighting the role of randomness and the difficulty of consistently outperforming the market. The speaker also touches on the current market environment, noting the dangers of chasing returns in a low-yield environment and the importance of caution.