Howard Marks - Investment Philosophy
The investment philosophy and approach of Howard Marks.
value-investingoaktreerisk-managementmarket-psychologyphilosophyinvesting
Howard Marks - Investment Philosophy
Asset Classes
- Distressed debt
- Private equity
- Real estate
- High yield bonds
- Convertible securities
Philosophy
- Risk-averse (preserving capital)
- Value-oriented (buying below intrinsic)
- Contrarian (buying when others fear)
- Patient (waiting for right price)
Summary
Co-founder of Oaktree Capital Management and author of The Most Important Thing, known for his insightful memos on value investing, risk management, and market psychology.
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