Howard Marks
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Howard Marks: The Essence of Investing Is Risk for ProfitDuring his recent panel discussion at the 2025 Qatar Economic Forum on Bloomberg Live, Howard Marks said: “The essence of investing is appropriately bearing risk for profit.” In…
Howard Marks on 30 Years of Oaktree: “Always Good, Sometimes Great, Never Terrible”When Howard Marks reflects on 30 years of building Oaktree, it’s clear the firm’s success was never about chasing home runs—it was about doing things right. “We merely thought t…- Howard Marks on Luck, Integrity, and Being UnemotionalListening to Howard Marks talk about his journey, you quickly realize he isn’t just sharing a career story — he’s explaining how to survive and thrive in investing and in life. …
- Howard Marks: FOMO vs. FundamentalsHoward Marks has this gift for cutting through the noise. At Global Alts Miami 2025, he didn’t come with a market prediction or some flashy hot take on tech. In fact, when asked…
- Howard Marks: “Excessive Certainty Is The Enemy”Howard Marks is the kind of investor who challenges the way you think. In this interview, he shares insight after insight, all with the steady, grounded perspective that only co…
- Howard Marks: Tariffs, Turmoil, and Where to Find OpportunitiesHoward Marks’ latest memo, “Nobody Knows (Yet Again),” is a stark reminder of how unpredictable the world—especially the economy—can be. Drawing parallels to the 2008 financial …
- Howard Marks: Why Do Investors Repeatedly Make The Same Mistakes?Howard Marks has long warned of the dangers of short memories in finance. In his memo Hindsight First, Please (or, What Were They Thinking?), he underscores how easily investors…
- Howard Marks on Tariffs, Market Risks & OpportunitiesHoward Marks has navigated market cycles for decades, but his recent Bloomberg interview revealed even he finds today’s environment extraordinary. “This is the biggest change in…
- Howard Marks: How Investing Psychology Creates Market BargainsHoward Marks makes a pretty simple but powerful point in The Most Important Thing: bargains don’t come from things everyone loves. They come from things people are scared of, do…
Howard Marks: Why Successful Investors Are Often LonelyLet’s be honest—most people are terrible at investing. They follow the crowd, buy what’s already popular, and wonder why they never make real money. Howard Marks nailed it in hi…- Howard Marks: How to Overcome Fear and Greed in InvestingAs someone who’s been investing for many years, I’ve realised that investing is a psychological battlefield, where the hardest decisions are rarely about numbers and valuations—…
Howard Marks: The Art of HoldingIf you’re like me, one of the things I often struggle with is the question of when to sell. The instinct to lock in gains when something is up, or to cut losses when something i…
Howard Marks: Why History Always Rhymes In MarketsHoward Marks is one of the most insightful voices in investing. He recently spoke at Moneycontrol GWS 2025, discussing market behavior, cycles, and investor psychology. His refl…
Uncomfortably Idiosyncratic: Howard Marks on Smart InvestingIn the latest episode of Behind the Memo, legendary investor Howard Marks shared his wisdom on navigating market cycles, particularly during speculative bubbles. His insights se…
Howard Marks: Market Cycles and the Illusion of AverageFor as long as I’ve followed financial markets, the prevailing wisdom has been to think of economic and market cycles in terms of ups and downs—booms and busts, bull and bear ma…
Howard Marks: Why Risk Is PerverseRisk is often misunderstood, not because it is complicated, but because it defies intuition. As Howard Marks explains in his discussion on the character of risk, “risk is counte…
Howard Marks: Is Now the Time to Exit the Market?In this interview with The Market, Howard Marks suggests that stocks are currently overvalued by 20-30%, with a 60-65% probability the market will be lower in a year. However, t…
Howard Marks: When Something Is On The Pedestal Of Popularity, Risk Of Decline Is HighIn his latest memo titled – On Bubble Watch, Howard Marks discusses how bubbles, while often grounded in a kernel of truth, lead to excessive valuations fueled by optimism, FOMO…