Howard Marks: 2 Reasons Exiting the Market Will Cost You Big

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During his recent interview with Bloomberg, Howard Marks discusses the importance of distinguishing between high and overpriced markets, suggesting that valuations should guide whether investors adopt a defensive or aggressive approach. He advises against making drastic decisions, like exiting the market entirely, as it often leads to missed opportunities. Marks … Read More

10 Worst Performing Large-Caps Last 12 Months

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Over the past twelve months ten Large-Cap stocks have underperformed all others. Here’s this week’s top 10 worst performing Large-Caps in the last twelve months: Name 1 Year Price Returns (Daily) Walgreens Boots Alliance (WBA) -55.68% Moderna (MRNA) -48.55% Estee Lauder Companies (EL) -46.41% Humana (HUM) -44.93% Celanese (CE) -42.70% … Read More

Great Opportunities In REITs

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During their recent episode, Taylor, Carlisle, and Tim Travis discussed Great Opportunities In REITs. Here’s an excerpt from the episode: Tobias: In other areas, you were talking about REITs a little bit before we came on. Do you want to give us your thoughts on REITs? Tim: Yeah. So, REITs … Read More

Warren Buffett: Only 5-10% of Companies Fall Within My Circle of Competence

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In this interview with Yahoo Finance, Warren Buffett reflects on his admiration for Jeff Bezos, praising his visionary execution in transforming Amazon from a bookseller to a massive enterprise. Buffett acknowledges that certain innovations, like Microsoft or Netscape, fall outside his “circle of competence,” so he doesn’t regret missing them. … Read More

Howard Marks: Misconceptions of Risk in Investing

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During his recent interview with Barron’s, Howard Marks highlights a key misconception about risk: many attempt to quantify it using formulas, typically relying on volatility or standard deviation as proxies. However, he argues that these metrics fail to reflect the true nature of risk, which is the possibility of an … Read More

Why Buffett Slashed His Apple Stake

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During their recent episode, Taylor, Carlisle, and Tim Travis discussed Why Buffett Slashed His Apple Stake. Here’s an excerpt from the episode: Tobias: Tim, one of the things we were talking about– Well, Buffett has been selling Wells Fargo for quite a while. So, Wells Fargo has idiosyncratic problems that … Read More

Mohnish Pabrai: Munger – The Abominable No Man: Avoiding Bad Investments

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In this interview with UNO’s Maverick Investment Club, Mohnish Pabrai highlights the importance of Charlie Munger’s role as Warren Buffett’s trusted critic at Berkshire Hathaway. Known as “The Abominable No Man,” Munger often rejected Buffett’s investment ideas, providing a vital filter against poor decisions. Pabrai cites Berkshire’s problematic $20 billion … Read More

Howard Marks: The Secret to Achieving an Elite Investment Track Record

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In this interview with Kiatnakin Phatra Wealth Management, Howard Marks explains why effective risk control is essential to achieving investment success, summarizing his philosophy as “if we avoid the losers, the winners take care of themselves.” Rather than seeking extraordinary gains, Marks focuses on maintaining consistent, good-quality investments, aspiring for … Read More