Howard Marks Warning: Why I'm Getting Out Now

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Episode 738: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Howard Marks about principles of value investing.
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Show Notes:
(0:00) The S&P 500
(11:48) Legendary memos
(18:45) Investing without emotion
(29:32) You can't raise money in a crisis
(36:05) Recommended Reading
(41:49) Higher than average returns


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Links:
• Oaktree - https://www.oaktreecapital.com/
• Memos - https://www.oaktreecapital.com/insigh...
• The Most Important Thing - https://tinyurl.com/47amrzhj
• Mastering The Market Cycle - https://tinyurl.com/mr33mjbr
• Devil Take The Hindmost - https://tinyurl.com/yx9ce7xn
• A Short History of Financial Euphoria - https://tinyurl.com/uavcnunx
• Winning a Loser’s Game - https://tinyurl.com/55ch2rh9
• Mistakes Were Made (But Not By Me) - https://tinyurl.com/yc85ek63


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Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC


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Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth
• Sam’s List - http://samslist.co/


My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano