In his book – The Most Important Thing, Howard Marks discusses the importance of patience and opportunism in investing. Instead of chasing investments, he advises waiting for bargains to come to you, as motivated sellers often offer better deals. At Oaktree, their strategy is reactive—they avoid initiating transactions and prefer … Read More
Howard Marks: Adapt Your Portfolio to the Present, Not the Unknown
In his book, The Most Important Thing, Howard Marks explains that strategic decisions in various fields, such as driving, golfing, or dressing, are influenced by current conditions. Similarly, he argues that investment actions should reflect the present investing climate rather than uncertain future predictions. While many investors attempt to adjust … Read More