In a recent interview with Global Money Talk, Howard Marks reflected on his 35 years of writing investment memos, beginning with a simple belief: “I thought I had an interesting story to tell.” That story, from his very first memo, highlighted a pension fund that achieved top performance through remarkable … Read More
Howard Marks Reflects on 35 Years of Memos
Howard Marks’s Memo – The Best Of… opens with a simple idea that defines his career: “long-term investment success is best achieved through a string of consistently good returns and an absence of poor years, rather than by aiming for brilliant successes, getting there in some years and flopping in … Read More
Howard Marks: In Investing It’s Really Easy To Be ‘Average’
In this fireside chat with the HKUST Business School, Howard Marks discussed the cyclical nature of markets, emphasizing that cycles are driven by excesses in psychology and behavior. He explained that an excess of positive psychology leads to unsustainable behavior above the trend line, which eventually corrects back, often overshooting … Read More