The Most Important Thing - Origins and Inspirations | Howard Marks | Talks at Google

[@heliowinter]

Thank you Google, for doing this for free and avaliable to everyone. AWESOME, Howard Marks is great!

[@jaysontoh1988]

heliowinter Tc CCO ccc

[@braveones7053]

kzbin.info/www/bejne/raHPhJuVZ5Vqe9U IPO

[@andrewereynolds5840]

Howard Marks is one of the great Maestros of investing.👍

[@nivagnoswal]

Excellent lecture, Howard Marks is almost as good a teacher as he is an investor.

[@kingcountyband]

Probably why he made his money investing and not as a professor. I want to read his books and the ones he's mentioned as well.

[@wyh194]

All great investors are great thinkers And Teachers

[@braveones7053]

kzbin.info/www/bejne/rmnTpGCQn9Csj6s

[@viratrana]

What a privilege to get to hear these lectures..

[@ramnathprabhu4867]

What a clarity of thought. Look at the way he explains complex subject with so much ease. Thanks for uploading this video

[@rossolinger4477]

that's how you know he knows what he's talking about

[@landi2244]

"You should not act as if the things that should happen, are the things that will happen" . Thats deep.

[@pxy21cwru]

I've been watching all the videos on this playlist. Is anyone else wondering why these videos do not have millions and millions of views? I mean honestly, there is so much money to be made by these insightful security analyses that all branch off Buffet, Graham, and Dodd's investment philosophies. It's like the world is backwards, because we have these useless music videos that promote hyper consumption garnering millions of views daily, and then whenever gems like these videos are out for the the whole entire public to use, not even 100,000? Same thing goes with the Yale Courses, the MIT OPENCOURSWEARE, the Stanford Graduate School Business videos. I guess value investing applies to personal development as well!

[@needviola]

+Peter Yoon don't share them. The more value investors, the less it works....

[@ArunRamakrishnan]

+Zach Dellinger Knowledge shared nevers yields less. If Linus thought the same way, we wont have Linux today :)

[@needviola]

+Arun Ramakrishnan Think your right. Besides, every time I try to explain to someone that can buy a dollar for 50 cents, 9 xs out of 10 there eyes glaze over. People are wierd....

[@ArunRamakrishnan]

Well most of the crowd wants to buy the hot dollar at $5 and want 10X returns in 1 week :) In fact 6 months is loong term investing for them. So talking abt Seth Klarman or Howard Marks is a lost cause :)

[@lekabros]

+Peter Yoon By definition, to make money, there should be many that are wrong.

[@231wildy]

Warren Buffett said "When I see memos from Howard Marks in my mail, they're the first thing I open and read." This is exactly how I feel today. My best few hours spent in my lifetime.

[@231wildy]

I rewatch this every few nights. The underlying messages carry so much weight and meaning. Wish i had watched this earlier than to hear out random.... mr-know-all. Investing never easy and was.... never easy to start with

[@mando8222]

That means you better read them first too

[@theswedishmoose-z9p]

Oooo

[@helenkok1360]

@@231wildy þþþtþ5t5þtt⁵þtþttþtttþttþþþtþþttttþþþþtþttþttþþþtþþtþþtþtttþttþþþþþtþþþþþþþttþþþtttþttþþþþttþþtþþtþtþþþþþtþtþtþþþþþttþtttþþtþþþþttþþtþþþþþtþþþttþþþþtþtþttþttttþþþtþþþtþþþþþþþþtþþtþþþþþþtþtþttttttþþþþ⁵þþþþþtþtþþþþþtttþþtþþþtþþþþþtþþþtþttþþttþþþþtþtþtþþþtþttþþþþttþtþþtttþtþttþþttþtþþþþtþþþtþþþþttttt5tþtþtttþþþtttþtttttttþþþþtþtþtþþþþtttttttþttþtýtþt5þþþþþþttþttþttttþþþþþttþtþþþtþþtþtþþttttþþþttttþtþþttþþþt⁵þtþþþþþþþþþþþttþtttþttþþttþþþtþttþtþþtþtþþþþþþþttþþþþþt⁵tþþþtþþtttþþþþtþþttþtþþtþþþtþþþttttttttttþtttttþtttþtttþtttþtttttþttþtþttttþttþtttþtþtþþtþþþttþþþþþþþþtþþþtþtþþþþþttþþtþtttttttttþþþþtþþþþþtþtþttþtþtþþþþ5ytþþtþþþþtþþþþt⁵ttþþþþþþþþttþþþþttþþþþþþþþtþþþþþtþþþtþtþþþþþþtþþttþþþþþttþþþþþttþþþþþþþþþtþþtþþþþtþþþþþþþþtþþþttþþþþþtþþþþþþþttþþttþtþþtþþþþtþttþþþþþþtþþþþþþt⁵þtþþþþþþttþþþtþtþtþtþþþtþþttþþttþtþþþttttttþtttþþtþþtþþttþþþþþtþþþþþþþtþþþþttþþþtþþtþþþþttþþþþþtþtþþtþþtþtþþtþtþþtþþþttþþtþttþþt⁵þtttþtþþþtþþþþþtþþþþttþþþþþþþtttþþtþþtttttttþþtþþþþttttttþttþþtþþþþþþþþþtþtþttþþtþtþþþþþtttþtþþtþtþþþþþþþþ⁵tþþtþ4tttþþþþttþþþttttþþttttþtttþþttttþttttttþþþtttttþttþþþþttþttttþtþtttttttþttþþþþtþtþtþttþtþtttttttttþtþtþþþþtþþtþþþþtþþþþtttþþþþtþþ

[@braveones7053]

kzbin.info/www/bejne/raHPhJuVZ5Vqe9U

[@NEYHIUM]

A diamond lecture, thanks Google for do this accesible for all people!

[@chicjelly]

Most unpretentious yet intense and punchy like hack though softly delivered. I have to pause every now and then to stomach and take it in, feeling stricken to the core. I think he'd also make a great obi wan kenobi in Star Wars, if given a hoodie! I can listen to him all day.

[@phamhoaU2BE]

Thank you Howard for the wonderful presentation and Google Talks for organizing this. ❤❤❤❤

[@adavayya]

Thanks to Google for these talks. Howard Marks' memos have many life lessons and teach more than just investing. His book "The Most Important Thing" is a must read for everyone.

[@braveones7053]

kzbin.info/www/bejne/rmnTpGCQn9Csj6s

[@Devrhoid]

Definitely getting that book. I mean really look at the points. I have always heard about Howard but I am just now getting to his Investment Philosophy. I've been going through Joel Greenblatt, Peter Lynch, Guy Spier and Mohnish's stuff. Thank you Investor Archive.

[@nobertstanel9428]

Listened to his speech in India over 20 times again and again, and il keep doing it with this one as well, because these are the fundamental truths of investing, incredibly valuable - Thank You.

[@KhamPisethOfficial]

This video deserves more views. Great content from the man who has a vast experience.

[@tuepham3293]

Wow, I didn't expected this much of insights and wisdoms from Howard Marks. Thank Google for arranging this incredible talk !

[@tactical-offset]

Phenomenal investor. He knows how evaluate a business and he looks for when the crowd is running from businesses so he can buy businesses.

[@modesto885]

This talk was one of the best i've heard in a while. Is there a way i can upvote this video 3times per one click?

[@gordongordon98]

Be careful with that leverage son 🦧

[@TheMCL2]

The entire video is good but the Q&A was very insightful.

[@vijaysanjyot]

One of the most important investor lessons I learned today.

[@vitolazlo5767]

These ideas and teachings by Mr. marks, can also be applied to life in general. Our process for decision making. Some, of the hardest investment decisions that I have made, made me the most money.

[@choi9418]

40:00 I want to be above the middle on a consistent basis over the long term. We want to be a little bit above the middle all the time. We think that over a long period of time we will be very respectable that way. Thank you for great videos!

[@MrBloody32]

Read the book around Christmas time and really enjoyed it. I wish he did more public speaking, there are only a handful of lectures on KZbin.

[@ArunRamakrishnan]

Wow what a talk. Thanks for arranging this Google :)

[@braveones7053]

kzbin.info/www/bejne/raHPhJuVZ5Vqe9U

[@pwatom22]

Moving forward to today... The bit you really should see starts around 52:10. This is where the question is asked about passive index investing. Marks reply is insightful... i.e. he states this creates opportunity. However, one can argue his fundamental thesis that the most important thing is buying undervalued companies is now not a good thesis. Perhaps the most valuable takeaway is that the investing environment is evolving and you need to evolve your strategy accordingly. It is effectively a casino with few rules. The highly accomplished mathematician Jim Simons had it nailed. He was the most successful fund manager through the 90s until near his passing this year. Truly understanding options activity and trading over short/medium term is likely your best strategy to on balance beat the house. The investment business is a self serving and somewhat ponzi like. Good luck 😉

[@QuantApplicantMattKulis]

great tennis analogy, hitting winners vs consistently avoiding losers

[@mr12aT]

"In the end buyers took out the biggest mortgage possible given there incomes and prevailing interest rates, such mortgages would land then in the houses of there dreams and will leave them there as long as conditions did not deteriorate which they invariably do"

[@KingWillSkill]

Powerful words.

[@novrehus]

30:00 and the minutes that follow. Take notes.

[@LemmingAttack]

Excellent introduction, it really sets my expectations for this talk.

[@adriancline-bailey3301]

Honestly, I got gems about life as well as pragmatic investing. Ha. Great guy!

[@youbian]

Can always learn

[@mxolisijaydlamini441]

Growth Showing grace. Love these . Danko!

[@vtvprem]

Very good learnings for budding investors.

[@tobefreeandfly1549]

What a great lesson...Howard Marks is awesome!

[@williamjenkins7562]

The secret to success is to get it right ounce and allow compound interest to be reinvested over time.

[@chrispedersen2526]

This was incredible! Glad I found this gem. Hopefully price sensitive investing pays off for me. Think I learned my lesson buying high in 2021, whoops! Not doing that again.

[@LarryJ2012]

What a great teacher.

[@danielzha7826]

Insightful and eye-opening talk.

[@dewaynegoforth2472]

Indexation part at 52:34 was 🔥

[@dtdrwo]

great investor with great philosophy.

[@cv0669]

So good - can’t wait to dig into the audiobook

[@antonycarles1499]

full of gems and insights

[@jasonjstdr]

Lecture clearer than his book

[@sujalkoirala3675]

There is sth called the uncertainity principle in physics too. You can't measure the position and momentum at the same time with very high accuracy.

[@chiawildy563]

This is still the most important thing.

[@ramnarayan9768]

Clarity of thoughts

[@corylowe5557]

Awesome video

[@ScopeLP]

The error is clear! The herd applies optimism at the top and Pessimism at ghe bottom. Thus to profit, you must be Sceptical of the optimism that thrives at the top, and sceptical of the Pessimism that prevails at the bottom" ~Howard Marks: The limits to Negativism- Sept 15, 2009.

[@rossolinger4477]

This is absolutly golden

[@rakeshrout8739]

Great lessons

[@Texas80]

I need to get his book.

[@youbian]

- You make no money doing the things everybody wants to do / you make money by doing the things nobody wants to do that then turn out to have value.

[@Selfmadetitans]

Thank you

[@JCResDoc94]

16:16 You Can Not Survive On Average

[@woodstockenvy4666]

Superb .. thank you for sharing this ..

[@domtoretto3122]

The most important thing is family

[@manishchandak5019]

10:42 Decisions Under Uncertainty: Drilling Decisions by Oil and Gas Operators Book by C. Jackson Grayson

[@shraddhanjalisoni1161]

howard marks is genius

[@ArjabalasubramanyamChanti]

Congratulations 🎉 Google world 🌎 happy blessings shalom Amen 🙏

[@normantingee]

thank you google and thank you howard mark

[@omar1003ramo]

Que aula desse investidor , Thanks Google

[@n.d8001]

brilliant talk, thank you

[@saurabhbcn]

Amazing talk!!!

[@vipingupta3694]

Genius, absolutely Genius

[@Pathfinder_tua]

The man is great

[@TeriyakiTofu]

its amazing this guy still has a career

[@---hz3sy]

Jesse if you dont like him su

[@frankmathews1358]

He is really good at explaining finance. #kiss

[@dadcannabis1924]

the most important thing is change and staying the same

[@deepak2012able]

Thanks 🙏💯💎

[@techchase5420]

Excellent philosophy

[@ankurbamne7155]

Great talk

[@yakultum]

Really good

[@DocworldAcademy]

Very Practicle Way to making money on Investment.

[@getstarted7168]

52:52 good question.

[@avinkon]

Howard Marks is great as always intro was terrible apart from that rest was great😂

[@cliffkuo3787]

somehow I played this video every night

[@staciarine]

Nowadays is almost impossible to find good securities at fair prices. Everything is just so expensive.

[@gaulindidier5995]

Somebody has to find out why people have a propensity to cough more during conferences, shows and gathering involving sitting down...

[@tomlxyz]

I think it has to do with not speaking themselves for a long time

[@theclashcalling_]

I was hoping for the Welsh hash smuggler!

[@TedMinnesota]

What date was this presentation given? Thanks.

[@tburnstead]

The title slide says March 27, 2015

[@leeongsen3276]

Ted e i think the presentation was given before Dec 18, 2014 this is because based on the latest howard memo :"The Lessons of oil" www.oaktreecapital.com/memotree/The%20Lessons%20of%20Oil.pdf he mention: For the last 3½ years, Oaktree's mantra has been "move forward, but with caution". For the first time in that span, with the arrival of some disarray and heightened risk aversion, events tell us it's appropriate to drop some of our caution and substitute a degree of aggressiveness

[@iceyred6668]

Saraha's Father was Abraham and Saraha's Mother was Sarah //nd.D english zion

[@tomlxyz]

Aren't forecasts in economics hard because everyone's forecasts are already priced in?

[@gertrudesmadrigal4908]

Salamat Po alam ko Po na Wala akong karapatan dahil mahirap lang ako salamat Po

[@jholid6y]

Google is probably very uncomfortable when a guy says ‘I don’t know’.

[@BARAKDANIELI]

ארשום בעברית בכוונה- אמליץ לדוברי העברית ולישראלים להקשיב להרצאות הללו בקשב רב ,מעניינות,מדוייקות ואכן משקפות הרבה מציאות ,ברק דניאלי

[@gertrudesmadrigal4908]

Gosto Kong Pato Nayan sa lahat totoo Ang aking senabi salamat Po Kong mabibih yon ako Ng pag kakataon totolong talaga ako sa nangang ilangam Hinde Pera panalangin sa pag hawak ko sa may sakit gosto Kong makatolong salamat Po totolong Hinde ako Ang nag hak sa iyo god bless yo po

[@robertwnorrisii9143]

He's a mean guy that Nassim Taleb. He Blocked me for asking questions about his Maths process. Bummer.

[@CesarOrille]

Thanks Google.

[@josereydabalos185]

in every light dat are night.in the middle of the night they are many star to eye many one.tomorow is tomorow...

[@barovierkevinallybose1040]

"In many countries they just don't get it" sounds condescending. Not because you are in a developed country, it means that you are more aware than everyone else.

[@guillermocrespo8144]

Great

[@TheSolidsnake2001]

Fool by Randomness by Nasim Nicholas Taleb. Either Most important badly written book, worse written most important book. Agreed. It's a badly written book. ;)

[@Jacob930321]

45:50 Q&A

[@dada01ish]

9:18 Both sentences mean exactly the same.

[@ankalaakhilesh7821]

how is the one who conducted the interview? anyone knows his name pls????

[@thatguy-cu3iq]

Saurabh Madaan

[@gertrudesmadrigal4908]

Bakit mahirap Ng hindenakapag aral nahkakamali Ikaw Ang inilik ko iba Ang lomabas kala ko Ikaw yon salamat Hinde nakitamakikita Ikaw yong tinitinan ko pag Gabi big la Kang nawala salamat kahit ayaw Mona sa akin nakitakitsoli salamat

[@haipengli4769]

You gotta survive on bad days.

[@josereydabalos185]

if you study not being to learning becoz study is none of your duty..like you one me..becoz alot of learning is a big problem all are needs becoz you work for everything..but all are desame what are being is you one me_1+1+1=all- one.but the true is 3/tree is many year in one day all harvest in same 1.is all.

[@josereydabalos185]

keyfile:1001235857-format=xlsx-output=xlsx.Api_key=3265267457.

[@Lenny1337i]

48:26 this aged sooo well with oil futures for US at -20 Dollars in march haha

[@candyfloss184]

Inaudible == Saurabh ( Indian name)