Howard Marks – A Defensive Mindset Provides Above-Average Results With Below-Average Volatility

Johnny HopkinsHoward Marks Comments

One of my favorite investing books is The Most Important Thing: Uncommon Sense for the Thoughtful Investor, by Howard Marks. The book includes passages from Marks’ memos to illustrate his investment philosophy. In Chapter 17 Marks provides a very simple example of the importance of developing a defensive mindset as an investor. This mindset means you can keep up in good … Read More

Howard Marks – The Poor Man’s Guide To Market Assessment

Johnny HopkinsHoward Marks Comments

One of my favorite investing books is The Most Important Thing: Uncommon Sense for the Thoughtful Investor, by Howard Marks. The book includes passages from Marks’ memos to illustrate his investment philosophy. In Chapter 15 Marks provides a very simple example of how to identify the current state of any market using what he calls his  – Poor Man’s Guide To … Read More