Howard Marks: What Matters Most? Asymmetry

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In his latest memo titled – What Really Matters?, Howard Marks explains why ‘asymmetry’ matters most when it comes to investing. Here’s an excerpt from the memo: What matters most?  Asymmetry. In sum, asymmetry shows up in a manager’s ability to do very well when things go his way and … Read More

Howard Marks: This ‘Recession’ Won’t Last Long

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In this interview with Yicai Global, Howard Marks explains why this recession won’t last long. Here’s an excerpt from the interview: Marks: Within the bounds of my limitations on forecasts Ivan I would say probably yes. As I just finished saying the Fed is trying to weaken the economy to … Read More

Howard Marks: The Investor’s Dichotomy

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In his recent interview with the Acquired Podcast, Howard Marks discussed the investor’s dichotomy. Here’s an excerpt from the interview: Marks: You know, this points out a dichotomy in investing, or maybe a conundrum of which there are so many. Because what we just talked about was it’s important to … Read More

Howard Marks: The Cardinal Sin Of Investing

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In his recent Oakmark Insights Live interview, Howard Marks discussed the cardinal sin of investing. Here’s an excerpt from the interview: Marks: I really believe, and I’ve said a million times Anna, that getting out at the bottom, and failing to get in, as you say, is the cardinal sin … Read More

Howard Marks: Investing Is Like Golf

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In his latest memo titled – I Beg To Differ, Howard Marks explains why investing is like playing golf. Here’s an excerpt from the memo: The bottom line of the above is simple: You can’t hope to earn above average returns if you don’t place active bets, but if your … Read More

Howard Marks: Should Investors Buy The Dip?

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In his recent interview with S&P Global Ratings, Howard Marks answers the question on whether investors should buy the dip. Here’s an excerpt from the interview: Marks: So the answer is we are reducing our defensiveness, increasing our aggressiveness. Does that mean we’re at the bottom? Absolutely not. I don’t … Read More