Howard Marks: How to Gauge Where We Are In Any Market Cycle

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In his book – Mastering the Market Cycle, Howard Marks emphasizes understanding market cycles through two key assessments: quantitative analysis of valuations and qualitative observation of investor behavior. Valuations aligned with historical norms suggest the cycle isn’t highly extended. Observing investor behavior provides additional insights. These assessments help gauge the … Read More

Howard Marks – Top 10 Holdings – Latest 13F

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One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

Howard Marks: The Danger of Certainty

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During their latest discussion on The Insight, Howard Marks, Armen Panossian, and David Rosenberg discuss the current market environment. Here’s the main point from Howard Marks: Uncertainty in the Current Market: Marks highlights the numerous uncertainties in the current market environment, including geopolitical tensions, climate change, economic growth, inflation, and … Read More

Howard Marks: Investment Strategies for Consistently Outperforming the Market

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In this presentation at the NBIM Investment Conference, Howard Marks discusses the strategy of identifying companies likely to deliver positive, unanticipated news, thus achieving above-average portfolio performance. By predicting such surprises and adjusting portfolio weights accordingly, an investor can benefit when the market reacts positively to the news, driving up … Read More

Howard Marks: Sometimes The Most Prudent Investing Simply Doesn’t Work

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In his memo titled Irrational Exuberance, Howard Marks discusses two investment philosophies: prudent investing and the approach that worked during the 1999 tech boom. Prudent investing emphasizes factors like diversification, value investing, and taking profits. This approach would have led to underperformance in 1999. The 1999 tech boom approach focused … Read More

Howard Marks – Top 10 Holdings – Latest 13F

Johnny HopkinsHoward MarksLeave a Comment

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

Howard Marks: The Biggest Mistake Investors Make

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In this interview with Infomoney, Howard Marks highlights the importance of emotional control and risk tolerance in investing. The biggest mistake, according to Marks, is taking on too much risk, leading to panic selling during market downturns. This is because investors, unable to handle the volatility, sell their investments at … Read More