Howard Marks: Money Maze Podcast (2025)

The Money Maze Podcast features an interview with Howard Marks, co-founder of Oaktree Capital, where he shares insights on investing, market cycles, and risk management, drawing from his extensive experience in the finance industry. Marks discusses his early influences, including his accounting background and experiences with Citibank's equity department and high-yield bonds. He emphasizes the importance of buying things well rather than just buying good things, understanding market cycles, and preparing for a range of outcomes instead of predicting a single scenario. Marks also touches on the role of luck in his career, the challenges of government debt, and offers advice to those starting in finance, highlighting the need for intellectual humility and pursuing a fulfilling career path.