Howard Marks Quotes
About Howard Marks
Investor and co-founder of Oaktree Capital, known for his expertise in distressed debt and risk management. His widely respected investment memos and books emphasize psychology, cycles, and avoiding big losses. Warren Buffett praises his insights. Marks prioritizes consistent returns over flashy wins.
Quote
Investment success doesn't come from buying good things, but from buying things well.
Analysis
Success in investing isn't about finding popular or high-quality assets, but about purchasing any asset at the right price and timing.
Action Items
- Compare price with intrinsic value before every purchase.
- Keep a margin of safety in all investments.
- Track long-term value, not short-term market noise.