WEBSITE EXCLUSIVE: This week on the Insight Bridge, Greg sits down with Howard Marks, renowned investment professional, celebrated author, co-founder and co-chairman of Oaktree Capital, and seemingly perpetual investment committee member for an exclusive interview.
In this episode, Howard shares the history of his famous memos, his perspective on the markets, and advice for committee members and aspiring investors. Howard explains why the penalty for taking action is often greater than for doing nothing, why investment committees should take a step back, and how aspiring professionals should first and foremost seek happiness—whatever that looks like—to find fulfillment and success in their careers. With decades of investment experience and a lifetime of wisdom on the behavior of the markets, Howard shares his unique perspective and champions the importance of artistry in investment. You won’t want to miss this exciting episode!
Chapters
00:00:33 – Episode Overview
00:01:10 – Welcome and Introduction
00:02:58 – How Howard Got His Start in Investing
00:04:26 – The History of Howard’s Famous Memos
00:10:25 – Advice for Incoming Investment Committee Members
00:16:02 – The Difference Between Managing Money and the Business of Managing Money
00:19:47 – Running a Business in a World Full of Uncertainties
00:24:05 – Howard’s Thoughts on the Current Market
00:36:32 – Words of Wisdom for Aspiring Investment Professionals