Investment Wisdom, by Howard Marks

Welcome to a new episode of the Sweat Your Assets podcast.

Howard Marks is the co-founder of Oaktree Capital Management and author of "The Most Important Thing" and "Mastering the Market's Cycles".

In this 2022 Q&A, he shares his investment wisdom covering these subjects:

How to measure the temperature of the markets

The danger of weaving a narrative. The case of tech and bitcoin

Making money by lending to crap companies

The logic behind market calls

The value of idiosyncratic positions

Dare to be great

We don't value quantitative analysis and models

Be a sceptic (the case of Bernie Madoff)

Learn your lessons inexpensively

Success carries the seeds of failure

It is all about Balance

How to rely (or NOT) on DATA

Fixed Income Investing is the Negative Art

If we avoid the losers, the winners take care of themselves

Know what you don't know & know something other people don't know

Thank you for tuning in.

Until next time.

Sweat Your Assets

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