Howard Marks - Co-founder of Oaktree | Podcast | In Good Company | Norges Bank Investment Management

[@JonKragh]

It's unbelievable that this is free. What a blessing.

[@technicalmuffin]

I concompletely concur. This was so incredible in many ways

[@jacobdaboss8413]

Don't tell them that! 🤨

[@jeffyeung6657]

“When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something.”

[@Theinteligentinvestor]

" Warren Buffet "

[@ERIKAESPINALchatbox1]

Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15% in just two years, effectively countering inflation.

[@Windarti30]

I copied his name and pasted it into my browser; his website came up immediately, and his qualifications are excellent. Thank you for sharing.

[@jcstravelfilms]

Even though Mr. Marks primarily deals with the credit markets, value equity investors can still learn a lot from him. I've always seen him as a modern-day philosopher. Also, you asked many questions that have not been asked of him before. Great interview, like all of your other ones.

[@Molloy1951]

Howard Marks is one of the few money managers that are both consistent and reliable.

[@apothe6]

This is a really insightful conversation about investing and markets. Howard Marks deeply understands the market.

[@imranalimullick857]

Such a great interviewer... He knows marks stuff well to ask suck insightful question to fulfill audience s curiosity

[@gangfang8835]

Rarely leave comments but this interviewer really knows what to ask, how to ask and a lot of insights are solicited. Thanks!

[@KarthikPonnusamy-xd4hq]

Never heard anyone else with such a clarity of thought. Mark Howards is a deep thinker.

[@zwildyz]

Any others I should follow?

[@royjones59344]

Greatly appreciate all the effort you put into running Norges and doing these interviews.

[@dimitarvelev9005]

Phenomenal interview with lots of wisdom shared. Thank you Nikolai and Howard for sharing this with us

[@L1amTill]

Love your interviews and this one with Marks is great.

[@onkelsort5381]

Incredible object, intriguing subjects. Well done! And thank you.

[@fengxie918]

Take aways: - Investment Principles: Risk Control, Consistency, Market Efficiency, Specialization, No Macro Prediction, No Market Timing - Annie Duke, “Thinking in Bets” - Risk Control, is not risk avoidance, risk avoidance equals to return avoidance, but risk is not also equal to return guarantee. The key of risk control, is risk awareness, able to analyze and take an unbalanced return-risk bet on it - Most of time market is not predictable, thus no market timing, but on the other side, when market is at extreme, it’s fairly predictable, but it’s very very rare. 5 times only in the 50 previous years. After the financial crisis, they buy large assets in the consecutive 13 weeks after the bankruptcy of Lehman Brothers. Most of the time, shall follow a bottom up fashion

[@Across048]

I am so grateful that you have come out and shared your experiences and written a book. I have read all of your books and I have really benefited from them. Thank you Howard Marks.

[@fredericorosa7979]

I feel I always learn something when I listen/read something from Howard Marks. Inspiring!

[@zwildyz]

Anyone else?

[@KeenaKernen]

Simply the best trader of 2023. Thanks for the lessons.

[@leestack]

This session is a treasure trove

[@Riggsnic_co]

As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.

[@JacquelinePerrira]

I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.

[@kevinmarten]

Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 30 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.

[@Jamessmith-12]

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

[@kevinmarten]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@Jamessmith-12]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

[@technicalmuffin]

Wow I just discovered Howard Marks in detail today and I am blown away.

[@markburnham7512]

Love Marks. Host relentlessly seeks free advice.

[@lonnykid2997]

What a podcast

[@PedroPatela]

Excellent interview ⭐⭐⭐⭐⭐

[@ChloeCarter-kd7gz]

Investment banking can be quite lucrative if you know what you're doing, but it also comes with its fair share of risks.

[@MelissaHobbs-qm8wi]

That's true. I've dabbled in investment banking myself, but I prefer to leave the heavy lifting to the professionals.

[@WhitneyRoss-dj4rf]

Speaking of professionals, have you guys heard of RPC Wealth? They've been managing my portfolio for the past couple of years, and I've seen significant growth in my investments.

[@EricaWaters-lr6zw]

RPC Wealth, you say? I haven't heard of them before. What sets them apart from other advisory firms?

[@ChloeCarter-kd7gz]

Plus, they have a team of seasoned professionals who are experts in their field. They use a combination of traditional investment strategies and cutting-edge technology to maximize returns for their clients.

[@MelissaHobbs-qm8wi]

@@WhitneyRoss-dj4rf That sounds promising. I've been looking for a reliable advisory firm to help with my management complexities in the market. How has your experience been with RPC Wealth

[@paultweedley2026]

Howard is incredible intelligent and wise, it's that that's made him so rich

[@AimMartina]

Thank you for this channel and the interviews, from Thailand!

[@johnbailey3351]

"I don't know enough about AI to know if this is excessive or justified." Neither do I, but I know enough about markets to know that given the current velocity, the chances are that it will become overvalued!

[@QuantCompounding]

Timeless wisdom from Mr. Marks

[@pmkaka]

one of the best so far , conversations

[@justintse4017]

These investor podcasts are excellent, Warren Buffet and Seth Klarman sometime?

[@christophenour]

Amazing interview. Thank you.

[@bookzhang8709]

Good stuff! Interesting questions and intelligent answers!!

[@DeepSukhwani]

Things that would be difficult individually become easier when you have somebody you respect who supports you - Howard Marks

[@gabrielenicolini5988]

What a great interview! Thank you

[@dennismorris7573]

Two very, very brilliant gentlemen.

[@TenishaOlinghouse]

Good content and enough details to make you money.😍

[@robweatherston2156]

Thank you Nicolai

[@fengxie918]

very good content, thank you

[@Alpha_Q_up.]

Sawasdeekrap from Thailand.🙏

[@metamoonnn]

Reading Richer, Wiser, Happier. He was featured in it!

[@RoryVanucchi]

Excellent 👍

[@aai2184]

Great content. Out of curiosity, what % of Oaktree main fund returns are driven by use of credit facility vs investment alpha. Asking for a friend.

[@pps1223]

Markets were acting in a carefree non-risk-conscious kind of manner. Bingo!

[@abazarelmakki8880]

The world needs decision makers rather than creators

[@LORMANmccowatt]

Hat mir echt weitergeholfen.

[@akshaymanglani7971]

what a podcast, really appreciate it I have two questions: 1. How do you know when the consensus is actually right? What are the cause/effects we should study if the consensus may actually be right and we are not making bets because its contrary? For example, the consensus is not too too strong for the market like right now with the S&P 500 outlook hitting 6,000 points by end of 2024 (Source Evercore ISI) but the market is slightly over-heating? 2. Since we know that there are cycles both the short-term debt cycle (business cycle) and the long-term debt cycle, we know that people become excessive due to emotions when times are good. If we know and understand these cycles, why do people become excessive contributing to their own downfall? How can we measure the inflection point and know the maximum temperature we can hit in the markets before we are on a downward spiral?

[@shinji47-q6o]

Great questions

[@lucasdetommasogomescarvalh6759]

Guys, technical issues are common and understandable, but whoever was operating these cameras could go to functional camera and operate it. Make it wide for both people when question time and zooming in slowly for responses. Great interview though

[@technicalmuffin]

true. I was thinking the same - why not just have a pan with both lol

[@Wbcdaegari]

thank you sir💗

[@Weisswolf777]

Stanley Druckenmiller please. And ask about his Nvidia stocks!

[@bbelev]

Howard is brilliant

[@22raaf]

the only one without interrogation feeling ;) asking P911 CEO about China sales- hilarious!

[@PatAlpaugh4]

Love it

[@LucidTrading]

Love this!

[@germinc]

You know you have to watch it once you see the name!

[@MasterLeong888]

now US is crazy high, China is crazy low

[@marianialvaro7603]

I'm wrong for the right reason!

[@kp2718]

41:18 Well, you've been fooled by Nasib, dentistry has a lot uncertainty and risks too, coming from a 0,01%dentist

[@motwoc]

First!

[@rogerlin6197]

second

[@BB-fp6gh]

“No economist would be hired”… e.g Robert Shiller in Gundlach’s RE funds - Doubleline

[@ElonMuskDailyLife]

Elon was generous enough to give this man an interview early this year and in return, this man voted AGAINST Elon's pay package. Elon even accepted his dinner invitation. This man have no shame. GYF Nicolai from Norway

[@glennnielsen8054]

Having a sigma personality is a positiv.

[@nvda2damoon]

warren, Howard, Brent Johnson - about the only 3 people that makes some sense on YT... for reference I outperform 99% of pro managers.

[@Molloy1951]

Nicolai might be a brilliant money manager but, as an interviewer, if we replaced him with a prison guard it wouldn't alter the result too negatively.

[@aliasoma]

Uhh, people are not as unpredictable as he thinks. If he really needs a lesson in psychology, he could start in his intellectual neck of the woods: behavioral finance.

[@raphael1808]

10:20 people go to excess

[@mann234]

37:55

[@leonardolage7061]

How can the mkt be on middle terms? Its a gigantic bubble. Companies with no earnings, companies that produces nothing, crypto, etc worth billions and billions? Its so clear that it’s topping out, and the house of cards is gonna collapse same time inflation is spiraling out of control which means printing wont save nobody

[@workwpassion]

This guys voted YES for Elon 2018 package, and voted NO now.

[@brianbirnbaum9760]

Using the postwar PE is absolutely useless.

[@angeladeem2988]

It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[@JG-re2bb]

The interviewer was incredibly annoying. Still great to listen to Marks though

[@michaelseldon3815]

oh no Nikolai has been abuducted by aliens

[@armitageshanks2499]

Howard isn't CEO

[@vorandrew]

guy is not sure why cycle exists... hmm

[@pornstarpat]

.....he has a book named mastering market cycles! Bahahha

[@RadicalNuance]

This guy’s fund voted against paying out Elon’s compensation package. Very sneaky, be aware.

[@yazhongye8386]

Thanks for you information,but I think your opinion is biased.

[@pornstarpat]

I would have voted his package down too. Elon is diluting the share holders with his package.

[@Sebastian.Ciobanu]

Excellent interview. Thank you.