Chapter
Lessons from the Financial Crisis
06:34 - 13:53 (07:18)
The interviewee recalls how he and his partner sensed that the world wasn't running right prior to the 2008 financial crisis, proving that it's important to consider likely scenarios and prepare for them, rather than solely relying on prediction.
Clips
Howard Marks discusses the concept of Mujo, which means the turning of the wheel of the law and the essence of impermanence in Japanese literature, and how it influenced his investment approach.
06:34 - 09:58 (03:23)
Howard Marks
Summary
Howard Marks discusses the concept of Mujo, which means the turning of the wheel of the law and the essence of impermanence in Japanese literature, and how it influenced his investment approach. He also talks about the unpredictability of the future and how one can prepare for it rather than predict it.
ChapterLessons from the Financial Crisis
Episode#338: Howard Marks — How to Invest with Clear Thinking
PodcastThe Tim Ferriss Show
The speaker is a financial adviser.
09:58 - 13:53 (03:54)
Business
Summary
The speaker is a financial adviser.