Howard Marks Quotes on Investing
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.
Books Written By Howard Marks
Quote
There’s a big difference between probability and outcome. Probable things fail to happen—and improbable things happen—all the time. That’s one of the most important things you can know about investment risk.
Insight
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Actionable Takeaways
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Insight
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Actionable Takeaways
- Keep a portion of your assets completely safe from markets.
Insight
Prediction is a fantasy; readiness is a practice. Strong systems beat perfect forecasts.
Actionable Takeaways
- In investing, risk management beats predicting trends with candlestick charts.
- When doing important things, always have a Plan B.
- Build an emergency fund of $1000.
Quote
Investment success doesn't come from buying good things, but from buying things well.
Insight
Success in investing isn't about finding popular or high-quality assets, but about purchasing any asset at the right price and timing.
Actionable Takeaways
- 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.