Chapter
Howard Marks on Understanding Risk and Market Cycles
13:53 - 24:30 (10:37)
Howard Marks, co-founder of Oaktree Capital Management, discusses the importance of understanding market cycles and risk when investing. He emphasizes the need to assess oneself to overcome inherent biases and to be a second-level thinker.
Clips
Howard Marks, co-founder and co-chairman of Oaktree Capital Management, talks about the importance of understanding where we are in the cycle and assessing risks to increase investment success.
13:53 - 20:43 (06:50)
Summary
Howard Marks, co-founder and co-chairman of Oaktree Capital Management, talks about the importance of understanding where we are in the cycle and assessing risks to increase investment success. He acknowledges that the timing of investing can be the hardest aspect of the business to manage.
ChapterHoward Marks on Understanding Risk and Market Cycles
Episode#338: Howard Marks — How to Invest with Clear Thinking
PodcastThe Tim Ferriss Show
Howard Marks discusses how to invest in a falling market, emphasizing the importance of buying in a distressed market when others are afraid and to remain unemotional in decision-making.
20:43 - 22:54 (02:11)
Summary
Howard Marks discusses how to invest in a falling market, emphasizing the importance of buying in a distressed market when others are afraid and to remain unemotional in decision-making.
ChapterHoward Marks on Understanding Risk and Market Cycles
Episode#338: Howard Marks — How to Invest with Clear Thinking
PodcastThe Tim Ferriss Show
The ability to remain unemotional and practice contrarian thinking is essential in investing, but it is not easy to develop.
22:54 - 24:30 (01:35)
Summary
The ability to remain unemotional and practice contrarian thinking is essential in investing, but it is not easy to develop. While some may be born with it, others must counter their human nature and learn to be unemotional through practice and repetition.