Podcasts about market cycle getting

หนังสือ Mastering the Market Cycle: Getting the Odds on Your Side ของ Howard Marks - สินทรัพย์ภายใต้การจัดการรวมของ Oaktree ทั้งหมด อยู่ที่ 193 พันล้านเหรียญสหรัฐ หรือราว ๆ 6 ล้านล้านบาท - การจะรู้ว่าเราควรจะลงทุนในสินทรัพย์ใด ณ ช่วงเวลาใด จะขึ้นอยู่กับความรู้ บวกกับผลตอบแทนเฉลี่ยนับตั้งแต่ต้นปี (YTD) - ประวัติศาสตร์จะซ้ำรอยเดิม แต่จะไม่ได้เหมือนเดิมแบบครบถ้วนสมบูรณ์ มันจึงมีจุดแตกหักของการเข้าไปลงทุนของรายย่อยได้เสมอ - กองทุนของเอกชน และกองทุนของรัฐบาล ล้วนมีสิ่งที่คล้ายคลึงกันนั่นก็คือ เขาจะไม่ยอมขาดทุนโดยเด็ดขาด แล้วถ้าเกิดการขาดทุนรายย่อยจะเจ็บหนักสุด - ระยะเวลาของวัฏจักรตลาด คือ 1. เริ่มมองโลกในแง่ดี 2.ตื่นตัว นี่คือจุดสูงสุดของอารมณ์ หลังจากนั้น 3.เริ่มผิดคาด 4.เริ่มมองโลกในแง่ร้าย 5.ยอมแพ้ นี่คือจุดต่ำสุดของอารมณ์ และ 6.เริ่มฟื้นตัวต่อไป

I react to part of a recent interview with super investor Howard Marks, in which Marks briefly discusses his investment philosophy, the role of randomness or luck in investing, as well as long term skill, and which investors he listens to.  Related episodes: Super Investor Howard Marks: Where The BIG MONEY Is Made https://youtu.be/EYwVTzUBRwc Super Investor Howard Marks: The Biggest Investing Mistake https://youtu.be/awxhDqbd9d8 Stocks Today With JJ channel: https://www.youtube.com/@jjstockstoday Referenced video: Howard Marks - Co-founder of Oaktree | Podcast | In Good Company | Norges Bank Investment Management https://youtu.be/vZJHQrGS7PE Recommended books: Mastering the Market Cycle: Getting the Odds on Your Side, by Howard Marks (referral link)  https://amzn.to/3KYub7x Thinking in Bets: Making Smarter Decisions When You Don't Have All the Fact, by Annie Duke (referral link)  https://amzn.to/3zuDHNb Join The Art of Value Patreon community for exclusive content I don't share anywhere else: https:/www.patreon.com/TheArtofValue Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for general education and entertainment purposes only. Do your own analysis and seek professional financial advice before making any investment decision. --- Send in a voice message: https://podcasters.spotify.com/pod/show/theartofvalue/message

I react to part of a recent interview with super investor Howard Marks, in which Marks briefly discusses his investment philosophy, the role of randomness or luck in investing, as well as long term skill, and which investors he listens to.  Related episodes: Super Investor Howard Marks: Where The BIG MONEY Is Made https://youtu.be/EYwVTzUBRwc Super Investor Howard Marks: The Biggest Investing Mistake https://youtu.be/awxhDqbd9d8 Stocks Today With JJ channel: https://www.youtube.com/@jjstockstoday Referenced video: Howard Marks - Co-founder of Oaktree | Podcast | In Good Company | Norges Bank Investment Management https://youtu.be/vZJHQrGS7PE Recommended books: Mastering the Market Cycle: Getting the Odds on Your Side, by Howard Marks (referral link)  https://amzn.to/3KYub7x Thinking in Bets: Making Smarter Decisions When You Don't Have All the Fact, by Annie Duke (referral link)  https://amzn.to/3zuDHNb Join The Art of Value Patreon community for exclusive content I don't share anywhere else: https:/www.patreon.com/TheArtofValue Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for general education and entertainment purposes only. Do your own analysis and seek professional financial advice before making any investment decision. --- Send in a voice message: https://podcasters.spotify.com/pod/show/theartofvalue/message

I react to part of a recent interview with super investor Howard Marks, in which Marks discusses stock market bubbles, when and how to be contrarian, and taking the temperature of the market cycle.  Related episodes: Super Investor Howard Marks: The Biggest Investing Mistake https://youtu.be/awxhDqbd9d8 Referenced video: Howard Marks - Co-founder of Oaktree | Podcast | In Good Company | Norges Bank Investment Management https://youtu.be/vZJHQrGS7PE Recommended Howard Marks book: Mastering the Market Cycle: Getting the Odds on Your Side, by Howard Marks https://amzn.to/3KYub7x Join The Art of Value Patreon community for exclusive content I don't share anywhere else: https:/www.patreon.com/TheArtofValue Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for general education and entertainment purposes only. Do your own analysis and seek professional financial advice before making any investment decision. --- Send in a voice message: https://podcasters.spotify.com/pod/show/theartofvalue/message

I react to part of a recent interview with super investor Howard Marks, in which Marks discusses stock market bubbles, when and how to be contrarian, and taking the temperature of the market cycle.  Related episodes: Super Investor Howard Marks: The Biggest Investing Mistake https://youtu.be/awxhDqbd9d8 Referenced video: Howard Marks - Co-founder of Oaktree | Podcast | In Good Company | Norges Bank Investment Management https://youtu.be/vZJHQrGS7PE Recommended Howard Marks book: Mastering the Market Cycle: Getting the Odds on Your Side, by Howard Marks https://amzn.to/3KYub7x Join The Art of Value Patreon community for exclusive content I don't share anywhere else: https:/www.patreon.com/TheArtofValue Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for general education and entertainment purposes only. Do your own analysis and seek professional financial advice before making any investment decision. --- Send in a voice message: https://podcasters.spotify.com/pod/show/theartofvalue/message

I react to part of a recent interview with super investor Howard Marks, who discusses what he thinks is the biggest and most common investor mistake. Marks also discusses the importance of market cycles, and where he thinks we are in the current cycle.  Related episodes: Howard Marks: An Investing Sea Change is Happening! https://youtu.be/f67HRNCTXBY How Howard Marks Predicts Each Stock Market Crash & Recovery https://youtu.be/zTpYzCcMkls Referenced video: Howard Marks - Co-founder of Oaktree | Podcast | In Good Company | Norges Bank Investment Management https://youtu.be/vZJHQrGS7PE Recommended Howard Marks book: Mastering the Market Cycle: Getting the Odds on Your Side, by Howard Marks https://amzn.to/3KYub7x Join The Art of Value Patreon community for exclusive content I don't share anywhere else: https:/www.patreon.com/TheArtofValue Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for general education and entertainment purposes only. Do your own analysis and seek professional financial advice before making any investment decision. --- Send in a voice message: https://podcasters.spotify.com/pod/show/theartofvalue/message

I react to part of a recent interview with super investor Howard Marks, who discusses what he thinks is the biggest and most common investor mistake. Marks also discusses the importance of market cycles, and where he thinks we are in the current cycle.  Related episodes: Howard Marks: An Investing Sea Change is Happening! https://youtu.be/f67HRNCTXBY How Howard Marks Predicts Each Stock Market Crash & Recovery https://youtu.be/zTpYzCcMkls Referenced video: Howard Marks - Co-founder of Oaktree | Podcast | In Good Company | Norges Bank Investment Management https://youtu.be/vZJHQrGS7PE Recommended Howard Marks book: Mastering the Market Cycle: Getting the Odds on Your Side, by Howard Marks https://amzn.to/3KYub7x Join The Art of Value Patreon community for exclusive content I don't share anywhere else: https:/www.patreon.com/TheArtofValue Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for general education and entertainment purposes only. Do your own analysis and seek professional financial advice before making any investment decision. --- Send in a voice message: https://podcasters.spotify.com/pod/show/theartofvalue/message

Chapter 1 What's Mastering the Market Cycle Book by Howard Marks"Mastering the Market Cycle: Getting the Odds on Your Side" is a book written by Howard Marks, an American investor and co-founder of Oaktree Capital Management. The book was published in 2018 and offers insights into understanding and navigating market cycles in the world of investing.In this book, Marks emphasizes the importance of recognizing and understanding market cycles to become a successful investor. He delves into the concept of market psychology, investor behavior, and the impact of human emotion on stock market fluctuations. Marks provides his own insights and experiences from his decades-long career in investing, offering valuable lessons and guidelines for investors to interpret and react to market cycles."Mastering the Market Cycle" aims to help investors gain a better understanding of the market dynamics and improve their ability to time their investments. By analyzing historical trends and market cycles, Marks presents strategies to identify the stages of a market cycle and take advantage of the opportunities each stage offers. He highlights the significance of risk management, contrarian thinking, and avoiding common pitfalls that hinder investment success.Overall, the book serves as a guide for investors to develop a more informed and rational approach towards market cycles, making better investment decisions by aligning them with the prevailing market conditions.Chapter 2 Is Mastering the Market Cycle Book A Good BookYes, "Mastering the Market Cycle" by Howard Marks is widely regarded as a good book. It provides valuable insights into understanding market cycles, investor psychology, and risk management. The book is well-written and offers practical advice for investors to navigate through different stages of market cycles. Many reviewers consider it a must-read for anyone interested in understanding the dynamics of market fluctuations and enhancing their investment strategies.Chapter 3 Mastering the Market Cycle Book by Howard Marks Summary"Mastering the Market Cycle" is a book written by Howard Marks, the renowned investor and co-founder of Oaktree Capital Management. In this book, Marks discusses the importance of understanding and navigating market cycles to become a successful investor.The book emphasizes the fact that markets are cyclical in nature, characterized by periods of boom and bust. Marks provides insights on how to identify and interpret the various phases of a market cycle, such as the market's peak, bottom, and everything in between.Marks stresses the significance of being aware of the prevalent market conditions and not getting carried away by emotions such as fear or greed. He acknowledges that predicting market cycles is an extremely challenging task, but focuses on the importance of assessing the probabilities and risks associated with each phase of the cycle.The book also covers various factors that influence market cycles, including economic indicators, investor behavior, and market psychology. Marks delves into the concept of risk and how it should be approached by investors, highlighting the need for a balanced and disciplined strategy.In addition, "Mastering the Market Cycle" includes real-life case studies and examples from Marks' extensive experience in the investment industry. He shares valuable lessons learned from past market cycles, offering practical insights for investors to develop their own strategies and improve their decision-making abilities.Overall, "Mastering the Market Cycle" is a comprehensive guide that aims to help investors gain a deeper understanding of market cycles and enhance their overall investment performance. It provides...

Navigating the investment world is an enormous task, especially when looking at company numbers and the people running them. That's why we're thrilled to have Sheldon Stone on the show. Sheldon was the first in his family to go to college, attending the highly respected Bowden College. He was part of a remarkable class of 225 students, an experience that shaped his unique perspective on life and career. Hailing from New Jersey, Sheldon Stone has had a fascinating career journey. His time at Bowden wasn't just about hitting the books; it also laid the groundwork for his expertise in bonds and financial markets. In today's episode, hosts Michael Mauboussin and Tano Santos sit down with Sheldon to dig into the nuts and bolts of investing. Sheldon shares his path from studying government in college to becoming a seasoned Chief Investment Officer. We dive deep into critical considerations like balancing liquidity and safeguarding investments, understanding the growing high-yield market, and why intangible assets like brands and patents are making financial waves. Sheldon, Michael, and Tano will explore Sheldon's unique educational background, the trade-offs in investment strategies, the rise of the high-yield market, the role intangibles play in today's financial world, and so much more!     Key Topics: An overview of Sheldon's professional background (3:13) 40-year partnership with Howard Marks: mutual dynamics and shared intellect (8:38) Early high-yield bond market inefficiencies and technological limitations (11:23) How equity holders' approach affects creditor relations and company ease-of-work (18:57) Company growth via flexibility over ratings and the role of private equity (20:38) Operating in 300-550 basis point spreads; equity investment opportunities (24:18) Importance of new issues for returns; market appetite and deal quality (26:25) Role of equity market signals in bond investments; sector focus (28:34) Credit scoring matrix: eight critical factors for buy/sell decisions (31:17) Asset recovery rates: tangible vs intangible; market sentiment effects (39:25) Impact of rising rates on leveraged loans; stability measures (46:55) Challenges with interpreting delinquency rates; sector diversification strategies (50:30) Characteristics of influential investment committees: camaraderie and vital CIO (52:04) Teaching at Columbia; credit analysis as a career path for students (54:12) What keeps Sheldon up at night and excited about the future (57:14) Sheldon's book and theatre recommendations (59:00) And much more!   Mentioned in this Episode: Charlie Ellis Book | Winning The Loser's Game Howard Marks' Books The Most Important Thing: Uncommon Sense for The Thoughtful Investor Mastering the Market Cycle: Getting the Odds on Your Side   Thanks for Listening!   Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at valueinvesting@gsb.columbia.edu.   Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more!

"Mastering the Market Cycle: Getting the Odds on Your Side" by Howard Marks is a book that explores the dynamics and patterns of market cycles in the world of investing. Howard Marks, a seasoned investor and co-founder of Oaktree Capital Management, shares his insights and strategies for understanding, analyzing, and capitalizing on market cycles to enhance investment returns.

Our portfolios benefit from spring cleaning as much as our closets and yards do. (0:30) Andy Cross and Maria Gallagher discuss: - Stocks investors should consider trimming like hedges - 2 stocks to throw out altogether - Stocks that spark so much joy Marie Kondo would be proud - Potential comebacks for online retailers - Why they'd be hold Zscaler and Disney shares like Brood X cicadas - Actual cleaning tips! (19:00) Bill Mann talks with Oaktree Capital co-founder Howard Marks, author of Mastering the Market Cycle: Getting the Odds on Your Side. Got a question about stocks, industries, or trends? Call our voicemail: (703) 254-1445. Stocks discussed: WIX, OPEN, SFIX, PTON, MSFT, TREX, MELI, REAL, POSH, ETSY, ZS, DIS, OAK-A, OAK-B Host: Chris Hill Guests: Andy Cross, Maria Gallagher, Bill Mann, Howard Marks Engineers: Dan Boyd, Rick Engdahl

Today's episode is going to be a really interesting episode talking about fights because we got into one. We got ainto a  little bit of a fight recently with a seller and if you stay in the game long enough, you're going to experience crazy sellers.There's a lot to learn actually. We're not just sharing this to poo on a crazy seller, but there's a lot of things to learn about being an operator and underwriting and negotiating in general. The audible version Passive Investing Made Simple: How to Create Wealth and Passive Income through Apartment Syndications is LIVE!!Sign up for Audible Free Trial[00:01 – 08:57] Bad Investing Advice: Take An Active Role In Your Invesments To Ensure You Success[08:58 – 18:23] Fundamentally Not Seeing Eye To Eye[18:24 – 21:34] Your Reputation And Being Insecure[21:35 – 27:55] Base Your Decisions On Data, Be Emotionless[27:56 – 33:08] Leaving Better Than We StartedMastering the Market Cycle: Getting the Odds on Your Side"Your goal should be to make fewer, better decisions, just make better decisions, fewer of them." – Anthony Vicino"The most important negotiating advice you'll ever hear is whoever is willing to walk away at the end of the day wins." – Anthony Vicino"You can only make so many high-quality decisions before you just get kind of fatigued and you start making poor ones." - Dan Krueger"The vast majority of people who are going to buy this type of thing are investors and investors are buying cash flow." - Dan KruegerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We'd love to learn more about you and your investment goals. Please fill out this form and let's schedule a call: https://invictusmultifamily.com/contact/**Let's Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX

If you're thinking of dipping your toes in the water of passive investing, you've come to the right place! Today I'm so excited to be talking with Randy Langenderfer, President of InvestArk Properties which identifies, acquires, and operates multi-family properties. Coming from over two decades of experience in multiple relevant industries, including risk mitigation and governance, Randy is here to impart his top advice on passive investing, how he got to where he is today, and what it means to be a limited investor. In this fascinating episode, he shares thoughts on everything from how he vets his sponsors, to his biggest regrets in the game and what he would do differently. We also compare notes on how much is to be gained by programs like Rod Khleif, Brad Sumrok, and the Lifestyles group, and we dig into the crucial process of making assumptions about underwriting implications. I learned a ton on the show today, and I can't wait to bring you into this conversation. Press play and join us!  Key Points From This Episode:Where Randy started, where he's at, and how he got to where he is today.Do you need experience as a limited partner before becoming a general partner?What it looks like to be a passive investor: Randy shares his proven strategy. We talk about Randy's previous flipping and hard-money lending experience.Discussing similarities between Rod Khleif, Brad Sumrok, and the Lifestyles group.Networking, coaching, and finding the program that's best for you.The 3 biggest benefits: cash flow, appreciation, and favorable tax advantagesHard assets always bounce back quicker than the bond equities market.Randy tells us all about InvestArk, and actively managing his passive portfolio.The biggest question: how does he vet his sponsors?Underwriting assumptions and their implications.The importance of education, asking many questions and making an informed decision. Randy tells us his morning routine, favorite books, and more.Rewarding experiences of giving back as a mentor and a coach.What he regrets and would do differently if he could do it all again. Visualizing and applying Tony Robbins's triangle: mindset, mentorship, and methods.What success means to Randy, and prioritizing being a good father. How to successfully do this part-time, which you can do too; Randy is the living proof! Links Mentioned in Today's Episode:Randy Langenderfer on LinkedInInvestArk PropertiesLifestyle Property GroupRod Khleif Brad SumrokMichael BlankJake and GinoMark Kenney on LinkedInMastering the Market Cycle: Getting the Odds on Your SideTony Robbins

Join Steve and Matt, with Paul Moore of Wellings Capital, as they talk about how he learns 'purpose' and finds joy in his career as a real estate investor. "I've learned a lot more from failure than I have from success."—Paul shares as he talks about his co-hosted podcast entitled: "How to Lose Money?" Here, Paul also talks about the true definition of wealth. For him, wealth comes from investing and not speculating. Today, tune in as Paul explains where joy comes from, how you can fashion self-storage and mobile home parks, and the issue he believes is worth fighting with everyone's resources. There's a lot to unpack, so stay tuned and enjoy the episode! Outline of the episode:  ●    [02:13] Wouldn't it be great to talk about failures too? ●    [06:38] "In my 30s, high energy, but not doing much…." ●    [09:27] The other shoe dropped when the oil prices dropped by 70%. ●    [11:39] From multifamily to mobile home parks to self-storage. ●    [17:01] The amenities you can add to mobile home parks. ●    [20:51] What else can you add to your self-storage facilities? ●    [24:49] About: The Definitive Guide to Smith Mountain Lake Real Estate. ●    [27:21] Human trafficking is an evil thing that's worth fighting with everyone's time, money, and effort. ●    [30:19] Where does joy come from? ●    [34:21] The difference between speculating and investing. ●    [39:32] Do what's right for your investors and others, and put it ahead of profit. ●   [41:34] On why you should consider ­not doing real estate on the side. Resources: ●    Website ●   BiggerPockets ●   The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing, Book by Paul Moore ●   The Definitive Guide to Smith Mountain Lake Real Estate, Book by Paul Moore ●   The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications, Book by Brian Burke ●  Mastering the Market Cycle: Getting the Odds on Your Side, Book by Howard Marks Connect with The Cashflow Project! ●    Website ●    LinkedIn ●    Youtube ●    Facebook ●    Instagram

Howard Marks, Co-chairman and Co-founder of Oaktree Capital Management and best-selling author of The Most Important Thing and Mastering the Market Cycle: Getting the Odds On Your Side, speaks to Mark Fedorcik, Deutsche Bank's Global Head of Investment Bank, about the best fixed income investments, the future of cryptocurrencies and ESG, and advice for young professionals.Disclaimer: This presentation and the information contained herein are for educational and informational purposes only and do not constitute, and should not be construed as, an offer to sell, or a solicitation of an offer to buy, any securities or related financial instruments. Responses to any inquiry that may involve the rendering of personalized investment advice or effecting or attempting to effect transactions in securities will not be made absent compliance with applicable laws or regulations (including broker dealer, investment adviser or applicable agent or representative registration requirements), or applicable exemptions or exclusions therefrom. This presentation contains information and views as of the date indicated and such information and views are subject to change without notice. Oaktree has no duty or obligation to update the information contained herein. Further, Oaktree makes no representation, and it should not be assumed, that past investment performance is an indication of future results. Moreover, wherever there is the potential for profit there is also the possibility of loss. Certain information contained herein concerning economic trends and performance is based on or derived from information provided by independent third-party sources. Oaktree believes that such information is accurate and that the sources from which it has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. Moreover, independent third-party sources cited in these materials are not making any representations or warranties regarding any information attributed to them and shall have no liability in connection with the use of such information in these materials.Oaktree Capital Management, L.P. (together with its affiliates, “Oaktree”).

Howard Marks is co-chairman and co-founder of Oaktree Capital Management, a leading investment firm with more than $120 billion in assets. Prior to founding Oaktree, Howard spent 10 years at The TCW Group, where he was responsible for investments in distressed debt, high yield bonds, and convertible securities. Howard has also written two books, most recently Mastering the Market Cycle: Getting the Odds on Your Side, and it was Warren Buffet who said, “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” Bill Gurley is a General Partner @ Benchmark Capital, one of the most successful funds of the last decade with a portfolio including the likes of Uber, Twitter, Dropbox, WeWork, Snapchat, StitchFix, eBay and many many more. As for Bill, widely recognised as one of the greats of our time having worked with the likes of GrubHub, NextDoor, Uber, OpenTable, Stitch Fix and Zillow. Prior to Benchmark, Bill was a partner with Hummer Winblad Venture Partners. Before entering venture, Bill spent four years on Wall Street as a top-ranked research analyst, including three years at CS First Boston. In Today’s Episode You Will Learn: 1.) In March Ray Dalio stated we would be entering a "global recession", how do Howard and Bill feel about this statement? How does today's environment remind Howard and Bill of 2010/11? What is similar? What is different? How does Bill think about investing through cycles? 2.) How does Bill think about investing through cycles? What have Bill's lessons been from seeing many venture vintages on LP performance across cycles? How does Howard think about investing through cycles from a distressed debt perspective? What have his lessons been from Oaktree's performance over the years? 3.) Do Howard and Bill agree we will not see interest rates go anywhere for the next 3-5 years? What is the impact of this sustained low-interest rate environment? What could be done that would see interest rates increase in the future? How does Bill believe this will impact the supply of LP dollars in venture? 4.) How do Bill and Howard evaluate the state of the public markets today? Why does Howard believe that FOMO has really taken effect? How does Bill think about network effects and the laws of compounding with regards to public companies? 5.) Do Howard and Bill agree we are seeing a retreat from globalisation? What are the core impacts of this retreat? Why is Bill so concerned about "regulatory capture"? Why does Bill fear that today, "Washington is for sale"? What would he like to see change? Item’s Mentioned In Today’s Episode Howard’s Favourite Book: Across That Bridge: A Vision for Change and the Future of America Bill’s Favourite Book: How Innovation Works As always you can follow Harry and The Twenty Minute VC on Twitter here! Likewise, you can follow Harry on Instagram here for all things 20VC.

Howard Marks on the US Dollar, Three Ways to Add Defense, and Good Questions | Brought to you by LinkedIn Jobs and "5-Bullet Friday." More on both below. "Move forward but with caution." — Howard MarksHoward Marks (@HowardMarksBook) is co-chairman and co-founder of Oaktree Capital Management, a leading investment firm with more than $125 billion in assets under management. He is the author of the books Mastering the Market Cycle: Getting the Odds on Your Side and The Most Important Thing: Uncommon Sense for the Thoughtful Investor, both critically acclaimed bestsellers.Warren Buffett has written of Howard Marks: "When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something." Marks holds a BSEc degree from the Wharton School of the University of Pennsylvania with a major in finance and an MBA in accounting and marketing from the University of Chicago.Please enjoy!This episode is brought to you by LinkedIn Jobs. Whether you are looking to hire now for a critical role or thinking about needs that you may have in the future, LinkedIn Jobs can help. LinkedIn is an active community with more than 675 million members worldwide. LinkedIn screens candidates for the hard and soft skills you’re looking for and puts your job in front of candidates looking for job opportunities that match what you have to offer.With LinkedIn, you can hire the right person quickly when you need them. And if you need to hire for healthcare or essential services, you can post your jobs for free. When it’s time to find and hire that right person, LinkedIn is here to help. Just visit LinkedIn.com/Tim to get started! Terms and conditions apply.This episode is also brought to you by "5-Bullet Friday," my very own email newsletter, which every Friday features five bullet points of cool things I've found that week, including apps, books, documentaries, gadgets, albums, articles, TV shows, new hacks or tricks, and -- of course -- all sorts of weird stuff I've dug up from around the world.It's free, it's always going to be free, and you can subscribe now at tim.blog/friday.***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Please fill out the form at tim.blog/sponsor.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferriss

Podcast Notes Key Takeaways “There is no such thing as knowledge of the future because the future does not operate according to a fixed schedule…All we have is extrapolation from past patterns” – Howard Marks“The problem we have now is that there is no history for what we’re engaged in” We have the worst health crisis to come to America in over 100 yearsWe have the worst economy since the Great DepressionWe have the worst collapse of oil in historyWe have the greatest stimulus rescue in history“We have four things going on which are unprecedented and as a result we really can’t say what lies ahead”“The Fed is throwing everything and the kitchen sink at the problem and the problem has to be solved” – Howard Marks“We’re battling problems we’ve never seen before with weapons we’ve never seen before” The government is pumping roughly $10 trillion into the economy, will this cause an impact? “We don’t know”– Howard Marks“I think they’re going to continue to spend until the economy can take over for itself”Howard compares it to a doctor putting a patient into a coma until their disease is removed“They have to keep it on life support until they can bring the economy back” Howard believes the Fed will support the economy until the unemployment rate falls to single digitseval(ez_write_tag([[580,400],'podcastnotes_org-medrectangle-3','ezslot_7',122,'0','0']));Read the full notes @ podcastnotes.orgHoward Marks on the US Dollar, Three Ways to Add Defense, and Good Questions | Brought to you by LinkedIn Jobs and "5-Bullet Friday." More on both below. "Move forward but with caution." — Howard MarksHoward Marks (@HowardMarksBook) is co-chairman and co-founder of Oaktree Capital Management, a leading investment firm with more than $125 billion in assets under management. He is the author of the books Mastering the Market Cycle: Getting the Odds on Your Side and The Most Important Thing: Uncommon Sense for the Thoughtful Investor, both critically acclaimed bestsellers.Warren Buffett has written of Howard Marks: "When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something." Marks holds a BSEc degree from the Wharton School of the University of Pennsylvania with a major in finance and an MBA in accounting and marketing from the University of Chicago.Please enjoy!This episode is brought to you by LinkedIn Jobs. Whether you are looking to hire now for a critical role or thinking about needs that you may have in the future, LinkedIn Jobs can help. LinkedIn is an active community with more than 675 million members worldwide. LinkedIn screens candidates for the hard and soft skills you’re looking for and puts your job in front of candidates looking for job opportunities that match what you have to offer.With LinkedIn, you can hire the right person quickly when you need them. And if you need to hire for healthcare or essential services, you can post your jobs for free. When it’s time to find and hire that right person, LinkedIn is here to help. Just visit LinkedIn.com/Tim to get started! Terms and conditions apply.This episode is also brought to you by "5-Bullet Friday," my very own email newsletter, which every Friday features five bullet points of cool things I've found that week, including apps, books, documentaries, gadgets, albums, articles, TV shows, new hacks or tricks, and -- of course -- all sorts of weird stuff I've dug up from around the world.It's free, it's always going to be free, and you can subscribe now at tim.blog/friday.***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Please fill out the form at tim.blog/sponsor.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferriss

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 between investing and tennis The rise of passive investing The importance of being a contrarian The mood swings of market participants and how that affects one's own investment decision Why he writes and what has kept him motivated to write even though his letters once were not as popular as they are today And much more! “When I see memos from Howard Marks in my mail, they're the first thing I open and read" – Warren Buffett "Howard is a legendary investor" – Tony Robbins   As always, please do not forget to take 17 seconds to leave us a 5-star review on Apple Podcasts or wherever you get your podcasts from.   Be well and #stayhome!   Luke, Leo & Andy P.s. The content of this conversation is provided for general information purposes only and does not constitute financial, accounting, legal, tax…. advice. You know the drill, right? If you want to listen to the full disclaimer, just skip through the amazing conversation with Howard, and go straight to the end of the episode and you will be highly entertained.

Howard Marks is the Co-Founder and Co-Chairman of Oaktree Capital Management, a leading investment firm with more than $120 billion in assets. Prior to founding Oaktree, Howard spent 10 years at The TCW Group, where he was responsible for investments in distressed debt, high yield bonds, and convertible securities. Previously, Howard was with Citicorp for 16 years, where he served as Vice President and senior portfolio manager in charge of convertible and high yield securities. Howard has also written two books, most recently Mastering the Market Cycle: Getting the Odds on Your Side, and it was Warren Buffet who said, “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” In Today’s Episode You Will Learn: 1.) How Howard first made his way into the world of finance over 50 years ago? How did not getting an investment banking job change the course of Howard’s life? 2.) What does Howard believe is the fundamental economic crisis occurring today? How does Howard expect liquidity availability to change over the next few years? What analogies of prior downturns and recessions can we look to learn from? How does this downturn differ and align to prior recessions and downturns? What policies would Howard like to see governments enact to prevent the worst-case scenario? 3.) In conditions of such uncertainty, how does Howard think about how to manage and move forward with such volatility? What are Howard's frameworks and mechanisms to analyse crises events like this? Taking the analysis one level further, how bad does Howard believe this could get? If short of The Great Depression, are there scenarios that could lead there? What are the leading signals? 4.) Being proactive, how does today's situation change the mentality and activity at Oaktree? Why does Howard not agree with the notion of "the falling knife"? How does Howard think about market bottoms? How does Howard determine the right insertion point? Why does Howard believe the best investors are unemotional? How can one manage the psychology of catching a falling knife that falls further? 5.) What advice would Howard give to the may millions of working professionals today that have never seen a recession in their professional career? What makes Howard the most nervous when he looks at and assess the landscape today? What does Howard believe is the biggest misconception people believe with regards to the current economic crisis? Items Mentioned In Today’s Show: Howard’s Fave Book: Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets As always you can follow Harry, The Twenty Minute VC and Howard on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.  

Howard Marks is co-chairman and co-founder of Oaktree Capital Management, a leading investment firm with more than $120 billion in assets. Prior to founding Oaktree, Howard spent 10 years at The TCW Group, where he was responsible for investments in distressed debt, high yield bonds, and convertible securities. Previously, Howard was with Citicorp for 16 years, where he served as Vice President and senior portfolio manager in charge of convertible and high yield securities. Howard has also written two books, most recently Mastering the Market Cycle: Getting the Odds on Your Side, and it was Warren Buffet who said, “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” In Today’s Episode You Will Learn: 1.) How Howard first made his way into the world of finance over 50 years ago? How did not getting an investment banking job change the course of Howard's life? 2.) Where does Howard think we are in the cycle today? What leads his thinking here? What is it crucial for all investors to remember at any point in the cycle? From a risk distribution and diversification perspective, does Howard believe now is a better or worse time to increase risk? 3.) Having worked through and been at the forefront of some of the most significant downturns of financial markets, what have been Howard's biggest learnings from seeing the booms and busts? How did it impact his investment mindset? At a point in 2008, Oaktree were deploying $600M per week for 15 weeks running, so how does Howard think about when is the right time to be aggressive vs when to pullback? 4.) How does Howard think about and assess his own price sensitivity? If there is one thing Howard wants to know to determine the right price, what is it? How does Howard believe we are seeing pro-risk mindsets alter investors attitude to price? How does Howard think about his right vs wrong and consensus vs non-consensus matrix? 5.) Howard and his Partner, Bruce have a very special relationship, what have they done to foster a relationship of radical intellectual honesty and that environment of safety? What are some things Howard will say to his team to encourage productive disagreement? What to Howard is the most important skill an investor can have is? Items Mentioned In Today’s Show: Howard’s Fave Book: Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets As always you can follow Harry, The Twenty Minute VC and Howard on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

It’s our Thanksgiving Special! Analysts Andy Cross, Ron Gross, and Jason Moser share why they’re thankful for stocks MarketAxess, CRISPR, and Zoetis. They discuss why investors might want to avoid stock market turkeys Uber, TripAdvisor, and Smile Direct. And since no Thanksgiving is complete without dessert, we dig into a few slices of humble pie and talk Arista, Camping World Holdings, and Eventbrite. Plus, we revisit our conversation with Oaktree Capital co-founder Howard Marks, author of Mastering the Market Cycle: Getting the Odds on Your Side. Thanks Health IQ.  See if you qualify for lower rates! Go to www.healthiq.com/fool. www.GETQUIP.COM/fool for your first refill free!

In this episode, I talk to Howard Marks of Oaktree Capital about risk and market cycles. We delve into topics like Howard’s career, what shaped his thinking about risk and market cycles, distressed debt, the importance of history, and much more! Check out the episode to learn about risk and market cycles in a simplified way! Howard Marks, who is worth $2.2 Billion, is a co-founder and co-chairman at Oaktree Capital. Oaktree Capital is the world’s largest distressed securities investor and manages over $120 Billion. Howard co-founded Oaktree Capital in 1995, and before doing so, he worked at the TCW Group. He has authored two best-sellers on investing: The Most Important Thing: Uncommon Sense for the Thoughtful Investor and, most recently, Mastering the Market Cycle: Getting the Odds on Your Side. Warren Buffett, arguably the greatest investor of all-time, praised Howard Marks for his memos, saying, “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” Howard majored in finance at Wharton and received his MBA from the Booth School of Business at the University of Chicago. Follow Howard and Oaktree Capital on Twitter here! Follow StreetFins on Twitter, Instagram, and Facebook here! Find and subscribe to Finance Simplified on Apple Podcasts, Google Podcasts, and Spotify! Howard’s memos are legendary for their simplicity and insight. As a result, I highly recommend checking them out! Check out a Q&A the Amador Valley Investment Club conducted with Howard Marks: Howard Marks At AVIC Confused about something? Check out some StreetFins articles relating to topics mentioned in the episode: Howard Marks Memo Breakdown: Dare To Be Great II Howard Marks Memo Breakdown: Risk Revisited Again Howard Marks Memo Breakdown: The Limits To Negativism Howard Marks Memo Breakdown: The Race To The Bottom Basics of Stocks

With a background in business and computer science from Carnegie Mellon University, Rob leads the underwriting and structuring function for Lone Star Capital Group. Prior to co-founding Lone Star, Rob had extensive real estate experience through his family's numerous real estate businesses including development, construction, sales, and investment Give the Dwellynn Show a review on iTunes: http://getpodcast.reviews/id/1256786108 rodsbootcamp.com Enter discount code: DWELLYNN Get your free book: www.audibletrial.com/dwellynn Contact Rob: rob@lonestargroup.com Content mentioned: Mastering the Market Cycle: Getting the Odds on Your Side by Howard Marks https://www.amazon.com/Mastering-Market-Cycle-Getting-Odds/dp/1328479250 Follow Ola [www.instagram.com/oladantis] @OlaDantis for all other social media Send me a DM when you follow so I can say hi! www.dwellynn.com/invest

Rodrigo Colmonero, sócio da gestora Neo Investimentos e Renoir Vieira, gestor do family office Pacific Investimentos, falam sobre ações como Itaú e CVC. O episódio também contou com a participação de Matheus Soares, analista da Rico Investimentos. Apresetação: Thiago Salomão e Renato Santiago.LIVROS INDICADOS: "A mentalidade do fundador" - Chris Zook e James Allen. "Mastering the Market Cycle: Getting the Odds on Your Side" - Howard Marks.

The theme for this week is: stock market cycles...explained. If you’re an investing novice, like the vast majority of Americans, the stock market and it’s wild gyrations can seem intimidating and confusing. But what if I told you that the cycles of the stock market are actually more regular than you think, and hence more predictable. When you better understand how stock market cycles work, it becomes easier to decipher where we are in the current cycle and potentially profit from it by making smarter decisions with your money. One of the most brilliant investors in the present day, Howard Marks, has a lot to say about market cycles. In fact, he wrote an entire book on the topic, published in October 2018 aptly named: Mastering the Market Cycle: Getting the Odds on Your Side. I’ll link to his book in the show notes if you want to dive deeper into this topic. But what does Howard Marks have to say about the current market cycle we’re in today. In an interview with yahoo! Finance in February, which you can find on YouTube, and I will also link to in the show notes, Marks poses an important question: “At this time, should you worry more about losing money, or more about missing opportunity?” He believes that investors should worry more about the former - losing money. He emphasizes that that doesn’t mean investors should get out of the market and go to cash, but instead, investors should “emphasize caution to avoid losses”. Of course, the market has continued its upward march since Marks made this statement in February, but that doesn’t mean that we aren’t close to the top. While we can’t predict the future, Marks argues, as do I, that the key to mastering the market cycle is understanding where it is today. That’s it for today. Tomorrow, we’re going to recap the week and I’m going to give you a little preview of next week’s theme. Before you continue on with your day, please take a moment to leave a review for the One Minute Retirement Tip in Amazon. If you’re getting any value from these tips, it’s a great way to share the love. And thank you to those of you who have already taken the time to write a review. My name is Ashley Micciche and this is the One Minute Retirement Tip. ---------- >>> Subscribe on iTunes: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Check out our blog: https://truenorthretirementadvisors.com/blog/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance, wealth management, fee only financial advisor, financial planner, stock market cycles, what are the stages of the market cycle, stock cycle, where are we in the stock cycle, stock market cycles forecast, djia, economic cycles, investment cycle, cycle investing

Bloomberg Opinion columnist Barry Ritholtz interviews the legendary Howard Marks, co-founder and co-chairman of Oaktree Capital Management. The firm was formed in 1995 by a group of individuals who had been investing together since the mid-1980s in high-yield bonds, convertible securities, distressed debt, real estate, control investments and listed equities. Marks is celebrated for the memos he created in 1990. His newest book, "Mastering the Market Cycle: Getting the Odds On Your Side," was published in October. 

Sam Marks and Johnny FD are here to talk about their 2019 financial resolutions, life plans, and investment updates. Although this may have been their worst performing quarter since they started the podcast there were many other gains. During this episode, you’ll hear an update on Sam and Johnny’s investment accounts such including Vanguard, Wealthfront, PeerStreet, Fundrise, and Forex. Learn a few simple but effective tips for new investors and how Sam and Johnny plan to grow their own bank accounts. Find out how much money is enough to live the life you want! Check out the new Invest Like a Boss Summit in Vegas!   Links: Digital Nomad Conference: NomadSummit.com Invest Like a Boss Summit: Live Event Where we are: Sam Marks & Johnny FD: Chiang Mai, Thailand Discussed: ILAB 105 – Cap Rates – Understanding Real Estate Yields and Valuations Recommended: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free PeerStreet – Get a 1% yield bump on your first loan Wealthfront – get your first $15,000 managed free Book: Mastering the Market Cycle: Getting the Odds on Your Side Hardcover - Howard Marks Time Stamps: 03:47 - The life of Chiang Mai, Thailand 08:40 - Setting new year resolutions and travel plans 14:08 - “I have this superficial goal of getting to 100 countries” - Sam Marks 17:07 - The Spanish Non-Lucrative Residence Visa 23:12 - Quarterly update on our investments 23:15 - “This has been the worst performing quarters since we started the podcast” - Johnny FD 27:46 - Vanguard vs Wealthfront 31:06 - Basic startup tips for new investors 33:07 - Cash, PeerStreet, Fundrise, Forex wins in the downmarket 39:20 - New investment update from last quarter 47:33 - Invest Like a Boss live conference and meetups 54:59 - Johnny's plan to reach a millionaire dollar net worth 56:51 - Sam explains the up and downs of startups 01:10:30 - How much money is enough to live the life you want If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2019. All rights reserved. Read our disclaimer here.  

Most surprising business story of the year?  Best & worst CEOs?  Andy Cross, Ron Gross, and Jason Moser analyze those topics (and more), reflect on the year that was, and share the dumbest investments of 2018.  Plus, Oaktree Capital co-founder Howard Marks shares investing insights and talks about his latest book, Mastering the Market Cycle: Getting the Odds on Your Side.

It’s always a treat when we have a real Wall Street legend in the studio, and that’s the case on the latest episode as we chat with Howard Marks, author of Mastering the Market Cycle: Getting the Odds on Your Side. As co-chairman and co-founder of Oaktree Capital Management, Howard Marks oversees a leading investment firm responsible for over $120 billion in assets. We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles. Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets and companies, but also human psychology and the investing behaviors that result. If you study past cycles, understand their origins and remain alert for the next one, you will become keenly attuned to the investment environment as it changes. By following Marks’s insights, which are drawn from his memorable memos to clients, you might find yourself recognizing these recurring patterns to help with your own financial gain and psychological benefit. If you have a money question, just email me! “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/  https://twitter.com/jillonmoney  https://www.facebook.com/JillonMoney  https://www.instagram.com/jillonmoney/  https://www.youtube.com/c/JillSchlesinger  https://www.linkedin.com/in/jillonmoney/  http://www.stitcher.com/podcast/jill-on-money  https://apple.co/2pmVi50

Howard Marks is #374 on the Forbes richest list. He co-founded Oaktree Capital Management and is worth $1.9 billion. I asked, “Do you hate being introduced as a billionaire?” He said, “I do. I don’t think that how much money I have sums me up and I don’t think it’s the greatest thing about me.” And he’s right. He can’t teach you how to be a billionaire. He can only teach you what he knows: investing strategies, market cycles, philosophy, psychology, and how he used all of this to create freedom and wellbeing in life. He writes about this in his new book, “Mastering the Market Cycle: Getting the Odds on Your Side.” The book is as much about finance and market cycles as it is about personal cycles. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: Twitter Facebook Linkedin Instagram See omnystudio.com/listener for privacy information.

Howard Marks is #374 on the Forbes richest list. He co-founded Oaktree Capital Management and is worth $1.9 billion. I asked, "Do you hate being introduced as a billionaire?" He said, "I do. I don't think that how much money I have sums me up and I don't think it's the greatest thing about me." And he's right. He can't teach you how to be a billionaire. He can only teach you what he knows: investing strategies, market cycles, philosophy, psychology, and how he used all of this to create freedom and wellbeing in life. He writes about this in his new book, "Mastering the Market Cycle: Getting the Odds on Your Side." The book is as much about finance and market cycles as it is about personal cycles.   I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.   Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify   Follow me on Social Media: Twitter Facebook Linkedin Instagram ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn

Are you value-driven or paying too much? From business to relationships to everyday life, seeking real value can save you in big ways.Two podcasts mentioned:1)It's not what you buy, it's what you pay.-Howard Marks Heard on Barry Ritholtz's podcast, Masters in Business (some really smart guests on this show, you should listen. There is a solid episode with Barbara Kahn about the retail revolution.)"Bloomberg Opinion columnist Barry Ritholtz interviews Howard Marks, the CFA and co-chairman of Oaktree Capital Management, in his third appearance on Masters in Business. An author as well as an investor, Marks most recently wrote “Mastering the Market Cycle: Getting the Odds on Your Side,” which was released this month." Howard Marks interview here.Arthur Laffer on Storybrand podcast (flat tax all the way):"Donald Miller talks with Art Laffer, a prominent American economist whose ideas have shaped policy from the Reagan administration through today."You are the average of the five people you spend the most time with.Finally, hackneyed but my very favorite - and AGAIN financial advice that applies to life in general:Be fearful when others are greedy, and greedy when others are fearful.-Warren Buffett See acast.com/privacy for privacy and opt-out information.

Howard Marks is an investor, writer and author of “Mastering the Market Cycle: Getting the Odds on Your Side.” After working in senior positions at Citibank early in his career, Howard joined The TCW Group, Inc. in 1985. He led groups within the company responsible for investments in distressed debt, high yield bonds, and convertible securities. After 10 years at The TCW Group, Inc. he co-founded Oaktree Capital Management. The topic is his book Mastering the Market Cycle: Getting the Odds on Your Side. In this episode of Trend Following Radio we discuss: High yield bonds Financial cycles Sub prime bubble Dot-com crash Continued learning by reading Risk management Decision making Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Howard Marks is an investor, writer and author of “Mastering the Market Cycle: Getting the Odds on Your Side.” After working in senior positions at Citibank early in his career, Howard joined The TCW Group, Inc. in 1985. He led groups within the company responsible for investments in distressed debt, high yield bonds, and convertible securities. After 10 years at The TCW Group, Inc. he co-founded Oaktree Capital Management. Howard got into high yield bonds in August of 1978. This was a turning point in financial history because up until this moment only good companies could borrow money. High yield bonds opened the market to more risky companies and also showed Howard a different way of looking at markets. The first company he worked for had a strategy of buying stock in the 50 most successful companies in hopes they would continue to go up forever. With the advent of the high yield market he saw himself making good and steady money off of the worst/most risky companies–turning everything he had been previously been taught upside down. Howard has lived through over 50 years of financial history and with his new book he has gone back hundreds of years to examine and study cycles. So how does Howard define a cycle? There are many different cycles–cycles in science, speed, people inhabited, etc. Cycles in the financial world are produced by people and are created by their feelings. The cycle represents a fluctuation in something around a mid-point, but time-frames and reasons for fluctuations do not repeat themselves–except for in human behavior. Looking back hundreds of years there are a few things that are underlying in every financial boom–too much optimism, too much money chasing, and too much risk aversion. In this episode of Trend Following Radio: High yield bonds Financial cycles Sub prime bubble Dot-com crash Continued learning by reading Risk management Decision making

ValueWalk interview with Howard Marks on Oaktree Capital Management on his new book Mastering the Market Cycle: Getting the Odds on Your Side, value investing, reading, his life and much more

Unemployment hits a 49-year low. Tech giants may have been hacked by China. Elon Musk’s tweeting sends Tesla shares lower. Costco struggles with “material weakness”. And Tronc decides to change its name back to Tribune Publishing. Ron Gross, Matt Argersinger, and Aaron Bush analyze those stories, discuss the latest news from Barnes & Noble and Tencent Holdings, and share some stocks on their radar. Plus, legendary investor Howard Marks talks about his new book Mastering the Market Cycle: Getting the Odds on Your Side. Thanks to Slack for supporting The Motley Fool. Slack: Where work happens. Go to Slack.com to learn more.       Thanks Netsuite. Get the FREE guide, “Crushing the Five Barriers to Growth”, at www.NetSuite.com/Fool

Bloomberg Opinion columnist Barry Ritholtz interviews Howard Marks, the CFA and co-chairman of Oaktree Capital Management, in his third appearance on Masters in Business. An author as well as an investor, Marks most recently wrote “Mastering the Market Cycle: Getting the Odds on Your Side,” which was released this month. He also wrote 2011’s “The Most Important Thing: Uncommon Sense for the Thoughtful Investor.” 

In Episode 63 of Hidden Forces, Demetri Kofinas speaks with legendary value investor Howard Marks. Howard serves as the co-chairman and co-founder of Oaktree Capital Management, a leading investment management firm responsible for over 120 billion dollars in client assets. This week’s conversation centers on the market cycle, its origins and impact. Howard shares his philosophy on risk management, asset bubbles, contrarianism, and what he calls second-level thinking – an approach thinking about value that puts price front and center. The two also explore how markets and the economy have changed over the last fifty years and how the drivers of a secular bull-market in finance may already have come to an end. They explore how a new-normal economy, characterized by low-returns on capital is unleashing political and social forces that have yet to be fully appreciated, let-alone priced into financial assets. Howard Marks shares his views on what it means to be a contrarian investor, how he thinks about risk management, and what his philosophy is around value investing. He also reflects on what his fifty years in finance have taught him about human psychology, herd behavior, and what he calls “bubble-thinking.” Finally, Demetri asks Howard what he sees as the greatest challenge facing the next generation of value investors. He reflects on the rotation of money out of active and into passive investment vehicles, theories of secular stagnation, and shares his opinion on what skills he believes investors will need in order to survive and thrive in the next market downturn. Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod

Howard Marks (@howardmarksbook) is co-chairman and co-founder of Oaktree Capital Management, a leading investment firm with more than $120 billion in assets. He is the author of the new book Mastering the Market Cycle: Getting the Odds on Your Side, and his previous book on investing, The Most Important Thing: Uncommon Sense for the Thoughtful Investor, was a critically acclaimed bestseller. Warren Buffett has written of Howard Marks: "When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something." Marks 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.In this conversation, we discuss:How his firm was poised to capitalize on the bubble in 2008 and put massive amounts of capital to work.His thoughts on understanding market cycles for making better decisions.The three stages of a bull market.Newsletters he reads.Thoughts on Bitcoin and cryptocurrencies.Much, much more...Studying what Howard says transcends the world of investing—it's really a study in clearer thinking. I hope you enjoy and learn as much as I did!This episode is brought to you by Inktel. Ever since I wrote The 4-Hour Workweek, I've been frequently asked about how I choose to delegate tasks. At the root of many of my decisions is a simple question: "How can I invest money to improve my quality of life?" Or "how can I spend moderate money to save significant time?"Inktel is one of those investments. They are a turnkey solution for all of your customer care needs. Their team answers more than 1 million customer service requests each year. They can also interact with your customers across all platforms, including email, phone, social media, text, and chat.Inktel removes the logistics and headache of customer communication, allowing you to grow your business by focusing on your strengths. And as a listener of this podcast, you can get up to $10,000 off your start-up fees and costs waived by visiting inktel.com/tim. This podcast is also brought to you by Helix Sleep. I recently moved into a new home and needed new beds, and I purchased mattresses from Helix Sleep.It offers mattresses personalized to your preferences and sleeping style — without costing thousands of dollars. Visit Helixsleep.com/TIM and take the simple 2-3 minute sleep quiz to get started, and the team there will match you to a mattress you'll love.Its customer service makes all the difference. The mattress arrives within a week, and the shipping is completely free. You can try the mattress for 100 nights, and if you're not happy, they'll pick it up and offer a full refund. To personalize your sleep experience, visit Helixsleep.com/TIM and you'll receive up to $125 off your custom mattress.***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Visit tim.blog/sponsor and fill out the form.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferriss