Howard Marks (W’67) & Wharton Finance Prof. Chris Geczy: Investor Series - November 2020

[@aasutoshsaicharla8224]

22:10 On pursuing high return in a low yields world 41:50 Which area to pursue for investment career today 48:40 Market inefficiencies 49:35 Cause of Market inefficiencies

[@cliftt]

Thanks.

[@zzd7ry]

Always such a pleasure to listen to Howard Marks, always worth every minute of the talk!

[@dramese]

For those of us who are not privilege to attend to business school, this is gold! I strive to gain knowledge in fields business by attending to a programs like this, it is therefore my deepest gratitude to the moderators this content! Forever grateful 🙏🏿🙏🏿🙏🏿🙏🏿

[@BradKaellner]

Is there a way to see what bonds are held by Oaktree? A sort of 13F for bonds?

[@giselleh]

Really informative session, always learnt a lot from here.

[@nbme-answers]

Starts at 6:16

[@M.-.D]

MVP

[@cliftt]

Thanks.

[@Andrew-iw9ud]

From south korea Howard gives deep insight about asset market always honor to listen your opinion Howard!!!!

[@bleacherz7503]

What’s the deep insight ? He claims mkts were overly risky early in the year without Covid, Covid hits and a 30 % mkt drop is a buying opportunity ? and now the mkt at ATH one needs to be cautious. He should just stipulate that’s the market has a few whales that push it around at their discretion.

[@dogestranding5047]

@@bleacherz7503 Is it really riskier because it's at a high though. There were times in the past where people thought that whatever index wouldn't pass the low thousands.

[@natana7858]

The greatest investor of our time.

[@M.-.D]

Ackman would be strong competitor for that title. Or even Buffett considering the Apple position was within the last decade.

[@bloodyredvinal]

Leverage or debt: Makes the good times better and the bad times worse!!

[@ednan9]

Thanks. Good stuff, always an insight to hear Howard

[@rudolphbattle8238]

Great last question. Hopefully, all the management teams who heard it can execute his thoughts ubiquitously.

[@graemeayin5512]

Excellent interview

[@zhiyucui8343]

His comment on leverage and concentration is truly awakening. Since the secret of successful investment is asymmetry, amplification doesn’t help.

[@ceegee4875]

maybe the last and most inefficient market is on the short side. with most institutions having long only mandates as well as the rise of long term passive investing, i think the least crowded trade is short selling the mega cap tech stocks.

[@applesnow6516]

it is really distracting and intimidating looking up at chris, his camera angle is completely wrong

[@emmetmartin7265]

Great video!

[@NonSmokersDK-te6tq]

Interesting post

[@AskDrRich]

Great interview!

[@thomasrust6637]

38 mins is the most important part

[@lyyykkkkk]

great

[@petecheng1]

Howard has been cautious since S&P was at 2,500

[@holdened]

He likes to talk a lot these days but no action.

[@Knowledge.to_Come]

Only a fool acts out of uncertainty. Were not at any extreme right now, even though at all time highs, he said it’s not an extreme... so why make bets now when it’s not an extreme? Seems far fetched to me to think we can always make calls that work

[@rockefroth4770]

34:08

[@ForwardGuidance]

Getting "under represented people" into the investment world .... need to get them in degree programs that leads to an investment world job first so seems Wharton and peers are failing minorities. It is the same with women in engineering... got to get them in engineer school before they can work at Google, Dow Chemical, Intel, or whatever drug company. Until then, they'll be working at the elementary school, county social services or a salon... all of which doesn't pay a lot. But hey, no man is complaining that there's too many women in the jobs that women tend to pick FOR THEMSELVES.

[@bleacherz7503]

Howard Marks doesn’t really tell you anything that general finance tell you. He provides no on the street insight to why things happens the way they do. I’m not sure why he insists on getting in front of the cameras so often other than being a narcissist. The Federal Reserve has made the street what it is over the last 30 years. It’s that simple.

[@mackrun7029]

I agree this interview is very banal. He strikes me not as narcissistic but as genuinely wanting to help and give back. But he's too complacent and used to being feted at this point. This is what you get when nobody bothers or dares to give you critical feedback.

[@jackshen6519]

Crowded markets are not always bad. Markets crowed with less educated investors are easy to make money. Welcome to China!

[@bleacherz7503]

Skip the BS long intro.

[@dannym1221]

The daily kilometer typically rinse because kidney canonically replace between a painstaking quill. efficacious, accidental branch

[@alta5688]

Interesting, but the vaxx propaganda in this talk was off the charts.

[@AmitKumar-tg7of]

China - teenager Dude it is one of the oldest civilizations in the world And old man than looks like a baby bro !!

[@ednan9]

You’re nobody in front of howard

[@AmitKumar-tg7of]

@@ednan9 how many are So ?? A point is a point - HM is not all knowing almighty, I think !!

[@aliasalin2]

Thats not the point.. he refers to capitalism in china, to chinas financial market.

[@AmitKumar-tg7of]

@@aliasalin2 Yes and all civilizations needed admin and finance to function This is why Westerners struggle to deal with old cultures - the roots are very deep

[@aliasalin2]

@@AmitKumar-tg7of true, but remember that china always had troubles staying united, it has multiple cultures with multiple dialects, only tight control seems to work. Thats where the capitalism turns into something else ..