This guy has taught me so much about the ins and outs of risk management. The more I watch and read from him, the more I learn. Love his sense of wit too
Good interview as it covers the timeline of Mr Mark's career and how he learned from his experience as time went on...His books are required reading for serious investers...
Holding the Nifty 50 from 1969 until today wouldn't have worked out very well, but if you bought in 1970 after Walmart IPO you would have outperformed the market by nearly 4x just because of Walmart
Money center banks => modern alt & traditional managers. 1969 - post-graduate, Citi equity research 1978 - conv bonds and hy 1988 - distressed debt fund w/ Bruce Karsh. 1991 - 45% IRR despite recession, LBO bubble crash. 1995 - started Oaktree. Dispute w/ TCW on carry split. Early 2000s, unsatisfactory stock performance, int rates slashed and bonds yield low => on-slash of funds towards ALT managers
Mandatory first 10 mins of each Howard Marks interview. Studied Wharton, junk bonds, nifty fifty, and so on. Next time someone interviews Howard just skip that please 😅
Lol... you're spot on. I just like how HM has deliberately defined, refined and redefined his investment philosophy over time. Such a patterned professional.
Small innocent error @59:15. LTCM was formed in 1994 not 1977. The firm lasted about four years before implosion. I am sure HM just slipped for moment. No biggie.
Excellent interview, except for several missteps on the part of Howard Marks at the following: 1) At 2:12 - sanctimoniously corrects interviewer that he attended “Wharton” , not “Penn”. 2) At the end, Howard Marks makes a disgusting joke referencing common dog behavior that cannot be repeated in this forum.
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Whenever I watch Howard in youtube, I learn something new. Amazing speech as always. Thank for the channel.
Howard is the epitome of compounded wisdom over decades... so many gems in this talk!
It is refreshing to hear a second level thinker and not some mindless politico yammering about trans people or equality or the enviornment.
I always enjoy listening to and reading anything Howard Marks puts out. Buffett puts it best, "I always learn something."
Same here. Howard Marks books, memos and interviews are so rich and full of great insights!
So impressive as always. Listening and reading what he's said, It still suprises me how objective he is in gauging market sentiment. Good interview.
This guy has taught me so much about the ins and outs of risk management. The more I watch and read from him, the more I learn. Love his sense of wit too
So true
Good interview as it covers the timeline of Mr Mark's career and how he learned from his experience as time went on...His books are required reading for serious investers...
Thank you for sharing such a wonderful interview!
Crazy that there's only 4.5k views on this.
Thank you!
Holding the Nifty 50 from 1969 until today wouldn't have worked out very well, but if you bought in 1970 after Walmart IPO you would have outperformed the market by nearly 4x just because of Walmart
thanks for sharing this great interview! is there a text note for this one? thx
Money center banks => modern alt & traditional managers.
1969 - post-graduate, Citi equity research
1978 - conv bonds and hy
1988 - distressed debt fund w/ Bruce Karsh.
1991 - 45% IRR despite recession, LBO bubble crash.
1995 - started Oaktree. Dispute w/ TCW on carry split.
Early 2000s, unsatisfactory stock performance, int rates slashed and bonds yield low => on-slash of funds towards ALT managers
Mandatory first 10 mins of each Howard Marks interview. Studied Wharton, junk bonds, nifty fifty, and so on. Next time someone interviews Howard just skip that please 😅
Lol... you're spot on. I just like how HM has deliberately defined, refined and redefined his investment philosophy over time. Such a patterned professional.
❤
Last question was very ensightful
Totally agree. A fresh perspective for me
Mr Nice ✌️
Small innocent error @59:15. LTCM was formed in 1994 not 1977. The firm lasted about four years before implosion. I am sure HM just slipped for moment. No biggie.
I would like to know if Howard owns any Brookfield shares. I bet not.
Excellent interview, except for several missteps on the part of Howard Marks at the following:
1) At 2:12 - sanctimoniously corrects interviewer that he attended “Wharton” , not “Penn”.
2) At the end, Howard Marks makes a disgusting joke referencing common dog behavior that cannot be repeated in this forum.
While i liked the overall interview, i couldnt stand ''mhmm'' sounds from the interviewer
@@alexandrem2109 Same here why was the interviewer laughing so much! What Howard is saying is pretty serious
Why are they always asking about cycles? Suppose you learned to turned lead into gold, would you tell anyone? would you answer the question on TH-cam?
The general population does not listen to an interview like this, therefore everyone on here watching this will be extremely successful.
HOW MANY INDIANS R THERE LIKE.
Go0d H12: Kind thanks, yes HM definitely--Classy. Krgds, &AA*.###