Howard Marks - Oaktree | Investment Conference 2024 | Norges Bank Investment Management

[@amdave76]

I love Howard and could listen to him all day. Just a brilliant thinker and very rational. Perhaps the only billionaire that I would like to have a drink with.

[@mikesmith-nj1ij]

A masterclass by one of the greats. So many books, articles and experience summarized in just 20 minutes.

[@fredericorosa7979]

I’ve learned so much with Howard Marks. Thank you!

[@ReflectionOcean]

By YouSum Live 00:00:34 Investment philosophy: Conscious, intentional decisions for above-average performance. 00:02:10 Organization creed: Beliefs, actions, trust define investment approach. 00:03:34 Market efficiency: Difficulty in beating the market, passive vs. active. 00:07:30 Macro forecasting: Limited profitability, deviation from trends crucial. 00:12:00 Risk management: Focus on bad outcomes, not just variability. 00:17:59 Superior returns: Balancing risk for above-average performance. By YouSum Live

[@royjones8294]

In a world of Bitcoin and endless penny stock promotion ads on CNBC Howard is a thoughtful anchor to windward.

[@carrieVernon]

The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.

[@Jteddycob]

What about the Fed lending program for banks that was said to ease financial tensions after the domino effect from Signature and Silicon Valley banks?

[@carrieVernon]

Yeah, that sufficed, but what helped the economy was rising immigration which helped even out the mismatch between open jobs and people looking for work.

[@Vnon-uw5qn]

I agree. Rising productivity is manna for central banks, allowing faster growth without inflation because each hour of work yields more goods and services at the same cost.

[@Hoodiesgooners]

I’m indifferent. All I do care about is what assets and securities will drive the Santa Rally. It is upon us, folks. I have a $100k portfolio, and I have a friend who has grown theirs to over 30% with the recent rallies. He is up 4% this month alone!

[@carrieVernon]

I might sell to the tune, but not without the approval of my broker as usual since 2022. With eyes and ears on Wall Street, I have raked in 140% on a managed portfolio currently worth $315k run under a hedge fund by Desiree Ruth Hoffman.

[@JosephGodwill9h]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

[@DanielNoahD3w]

The deeper your investment roots, the stronger your financial security will be in the future.

[@JamesOliverr7s]

Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

[@MatthewAidan4ns]

I would love an introduction to an adviser who can help me strengthen my financial roots.

[@JamesOliverr7s]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@MatthewAidan4ns]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@AlphaCREInvestor]

Exceptional teacher - breaking the complex world of investing into simple and understandable terms. Glad I found HM as a young 25YO looking to break into the world or CRE investment on my own soon, currently working in REPE.

[@alastairclifford7129]

Dude I'm 22 now And Following Him since 2 years LoL 😂

[@mniay]

If you like this talk of his you should read his book "The Most Important Thing". Everything he talked about in this video is part of the book. A small part, I might add.

[@yiwenchen3662]

Totally agree. i am reading the book now and i find every article in the book is important indeed.

[@zacharyroth1364]

very clear thinking

[@juancarloszelada5767]

Great speech.

[@SB-yq8uo]

Very insightful

[@iipodtwo4030]

Howard Zeus Marks

[@gregorythompson8627]

Aren't the superimposed bell curves at 16:00 just the same thing the graph already says? Distributions widen as mean increases? Is it a purely visual aid (drawing the gaussians with the same mean and std as defined by the line) with no other added value?

[@sarawilliam696]

I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.

[@KaurKhangura]

I only contribute 5% to get full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.

[@brucemichelle5689.]

My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.

[@Justinmeyer1000]

If I may ask, as in withdrew all of the money from the 401K and IRA programs? If so, what was your strategy behind that decision? Thank you.

[@brucemichelle5689.]

I learned about govt actions from cfp in ny by name ‘’Aileen Gertrude Tippy’’ . Ms. Aileen explained the benefits of long-term Treasuries and alternative investments, which the govt doesn't disclose.

[@Justinmeyer1000]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@Raymondjohn2]

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k

[@JacquelinePerrira]

Everyone’s been preaching investing lately as a source of passive income but with a 70 hour weekly jobs and limited knowledge of financial instruments, how can I actually stay on top of things, I see every KZbin video saying BUY BUY! But when and how do I sell for profit at the right time?

[@Jamessmith-12]

is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?

[@kevinmarten]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@JacquelinePerrira]

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@kevinmarten]

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

[@DonaldMark-ne7se]

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.

[@kevinmarten]

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.

[@JacquelinePerrira]

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?

[@JacquelinePerrira]

'Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Jamessmith-12]

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

[@chuyenpham3336]

Greatttt

[@LeonardoGrigio]

The strong form says that all information including even INSIDE information is included in stock pricing. I think he meant to say semi-strong. There are three levels of efficiency and Chicago or the right school as Fama was there. I misspeak all the time! Perhaps he didn’t study investments as an undergraduate.

[@justinbeghly1435]

What city?

[@MMAoracle]

Oslo

[@Hansa7122]

🙂

[@vivekshivdasani9521]

Howard is speaking in a manner similar to Winston Churchill when he addressed the US Senate after the attack on Pearl Harbour.

[@LeonardoGrigio]

He makes a brutal mistake by a calling the S&P 500 returns average. At 10% annualized, most investors (&pros) won’t touch this…let alone, say, 13%-18% for longer periods . To get the SPY/VOO/IVV returns one has or accept downside volatility of 50% like 3 March 2009. At some point people have made their money. He’s hooking us with greed. Welp, who wouldn’t want to be above average… lol!

[@donaldharlan3981]

Real estate frauds 🔥

[@toybags]

typical investment gibberish, learned nothing new, tell me something actionable based on current trends. and not readily available on finance/investments textbooks!! the real sharks on wall st make a killing going long or short, yet these guys preach like a 5% return is still acceptable like the old days. lol, u can make 20% gain easy in a few months just following market trends.

[@MrDokuritsu]

You could also lose it easily. Mark's thesis is that over the investment horizons his investors demand, Oaktree will lose, on average, less than its competitors. And hence will outperform.

[@tokhmi2006]

@@MrDokuritsuYou won’t lose money if you’re on top of it. Your claim is like saying that effort is useless, and unlike every other thing in the world, putting effort into making money from the markets will yield no result. This is complete gibberish. In every possible area of life, even in markets, you can outperform if you put time and effort in, regardless of what the experts say.

[@TonyTrupp]

If you thought that was gibberish that says more about you than it does the video. Based on your response, if you want something actionable, then you sound like the kind of person who should just dollar cost average every month into an index fund.

[@anomniscientcat3483]

"20% gains easy", lmao. Long-term, exceptional investors might exceed 15%. Good luck hitting 20% regularly on "market trends."

[@tokhmi2006]

@@anomniscientcat3483 But you don’t need to do it regularly bc for most people investing is passive income, so they can choose when to be more active and when to be less active. If you make a couple investments thst yield 20%, you can take a breather and go back later. For professional investors, because it is their day job, they have to regularly deliver outperformance. That pressure itself is enough to force them into many errors of judgment, which is why cumulatively they end up not being able to return more than 15% like you say.