The Wall Street Lab

#48 Howard Marks – The Most Important Thing

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Sinopsis

Howard Marks is co-chairman and co-founder of Oaktree Capital Management a leading global investment firm with deep expertise in credit strategies, which manages more than $120 billion in assets. Howard is the bestselling author of the two highly influential books: "Mastering the Market Cycle: Getting the Odds on Your Side" and "The Most Important Thing: Uncommon Sense for the Thoughtful Investor". He is also known for his very insightful investor letters, which has been claimed to be must-read material by many well-known investors, including none other than Warren Buffett. Howard holds a B.S.Ec. degree from the Wharton School of the University of Pennsylvania with a major in finance and an M.B.A. in accounting and marketing from the University of Chicago. “Experience is what you got, when you didn’t get what you wanted” – Howard Marks In our conversation we discuss: How Oaktree experienced raising and deploying capital during the GFC of 2008 The difference between scepticism and negativism The similarities