Howard Marks Memos: Finding Fewer Losers and More Winners w/ Shawn O’Malley (MI365)

In today’s episode, Shawn O’Malley breaks down 30 years’ worth of memos from one of Wall Street’s most storied investors: Howard Marks.

You’ll learn how Marks’s thinking about beating the market evolved over the course of his career, what it was like going through the 2008 Financial Crisis as a professional investor, the 5 market calls that Marks is most proud of, avoiding the cardinal sin of investing, plus so much more!

IN THIS EPISODE, YOU’LL LEARN:
0:00:00 - Intro
0:03:23 - Why steady, slightly above-average returns drive the best long-term returns
0:05:39 - How to find a balance between finding fewer losers and more winners
0:08:44 - How to intelligently bear risk for profit
0:13:40- Why nobody knows what will happen next in a crisis
0:14:40 - Why booms and busts are inevitable
0:24:00 - When Marks realized the dot com bubble was going to pop
0:26:33 - How low interest rates drive investors to take risks
0:31:52 - Why beliefs about the housing market were wrong
0:40:16 - How Marks’s firm responded to the Great Financial Crisis
0:41:31 - How Marks understood when to start buying stocks again after the 2008 crash
0:41:31 - When Marks knew bargains were being offered in March 2020
0:46:13 - How to avoid the cardinal sin of investing

🤝Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members: https://theinvestorspodcast.com/maste...

📈 Learn to invest like legend investors do — from the company that has interviewed them. Use YOUTUBE15 to get 15% off! https://theinvestorspodcast.podia.com...

💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/s...

▶️ RELATED EPISODES:
More Than You Know: Financial Wisdom for Wise Investing w/ Shawn O’Malley:    • More Than You Know: Financial Wisdom for W...  
Poor Charlie's Almanack: Investing Wisdom From Charlie Munger w/ Shawn O’Malley:    • Poor Charlie's Almanack: Investing Wisdom ...  

🎧 Listen to our episodes here: https://open.spotify.com/show/7dnn22E...

🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/m...

📖 BOOKS MENTIONED:
Security Analysis by Benjamin Graham and David Dodd: https://amzn.to/3yBLNDT
How To Trade In Stocks by Jesse Livermore: https://amzn.to/3YGgCBX
Devil Takes The Hindmost by Edward Chancellor: https://amzn.to/3SMuhna
Mastering The Market Cycle by Howard Marks: https://amzn.to/46LT28O
The Most Important Thing by Howard Marks: https://amzn.to/3YMLYqy

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀

💡 OTHER RESOURCES
Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/

⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤

ABOUT OUR SHOW 🎙
On Millennial investing, we interview top investors, experts, and successful entrepreneurs such as Kevin O’Leary, JL Collins, Jesse Itzler, and more to guide you on your investing journey.

🌍 Website: https://www.theinvestorspodcast.com/m...

📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/s...

⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤

📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/t...

📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/t...

⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤
❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.