
In this episode of the "Richer, Wiser, Happier" podcast, host William Green interviews Howard Marks, Chairman of Oaktree Capital Management, to discuss key investment principles gleaned from Marks' 56-year career and his influential memos. Marks shares insights on risk management, the importance of avoiding losers, and the futility of macro predictions, emphasizing the need for a risk-conscious mindset and specializing in inefficient markets. They explore the parallels between investing and sports, the dangers of overconfidence, and the significance of maintaining an even keel in uncertain times. Marks also reflects on his partnership with Bruce Karsh and the lessons learned from Charlie Munger, offering advice on balancing work with personal life and making conscious choices aligned with one's values.
Sign in to continue reading, translating and more.
Continue