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

  Рет қаралды 504,777

Talks at Google

Talks at Google

Күн бұрын

Warren Buffett said "When I see memos from Howard Marks in my mail, they're the first thing I open and read." Howard is the Co-Chairman of Oaktree Capital Management. He is known in the investment community for his "Oaktree memos" to clients which detail investment strategies and insight into the economy. He treats investing as equal parts psychology and finance, and his book The Most Important Thing provides "uncommon sense for the thoughtful investor."

Пікірлер: 183
heliowinter 6 жыл бұрын
Thank you Google, for doing this for free and avaliable to everyone. AWESOME, Howard Marks is great!
Brave Ones
Brave Ones Жыл бұрын IPO
jayson toh
jayson toh 5 жыл бұрын
heliowinter Tc CCO ccc
Gavin Lawson
Gavin Lawson 7 жыл бұрын
Excellent lecture, Howard Marks is almost as good a teacher as he is an investor.
wyh Жыл бұрын
All great investors are great thinkers And Teachers
ian otto
ian otto 3 жыл бұрын
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.
Chia Wildy
Chia Wildy 5 жыл бұрын
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.
Helen Kok
Helen Kok 2 жыл бұрын
@Chia Wildy þþþtþ5t5þtt⁵þtþttþtttþttþþþtþþttttþþþþtþttþttþþþtþþtþþtþtttþttþþþþþtþþþþþþþttþþþtttþttþþþþttþþtþþtþtþþþþþtþtþtþþþþþttþtttþþtþþþþttþþtþþþþþtþþþttþþþþtþtþttþttttþþþtþþþtþþþþþþþþtþþtþþþþþþtþtþttttttþþþþ⁵þþþþþtþtþþþþþtttþþtþþþtþþþþþtþþþtþttþþttþþþþtþtþtþþþtþttþþþþttþtþþtttþtþttþþttþtþþþþtþþþtþþþþttttt5tþtþtttþþþtttþtttttttþþþþtþtþtþþþþtttttttþttþtýtþt5þþþþþþttþttþttttþþþþþttþtþþþtþþtþtþþttttþþþttttþtþþttþþþt⁵þtþþþþþþþþþþþttþtttþttþþttþþþtþttþtþþtþtþþþþþþþttþþþþþt⁵tþþþtþþtttþþþþtþþttþtþþtþþþtþþþttttttttttþtttttþtttþtttþtttþtttttþttþtþttttþttþtttþtþtþþtþþþttþþþþþþþþtþþþtþtþþþþþttþþtþtttttttttþþþþtþþþþþtþtþttþtþtþþþþ5ytþþtþþþþtþþþþt⁵ttþþþþþþþþttþþþþttþþþþþþþþtþþþþþtþþþtþtþþþþþþtþþttþþþþþttþþþþþttþþþþþþþþþtþþtþþþþtþþþþþþþþtþþþttþþþþþtþþþþþþþttþþttþtþþtþþþþtþttþþþþþþtþþþþþþt⁵þtþþþþþþttþþþtþtþtþtþþþtþþttþþttþtþþþttttttþtttþþtþþtþþttþþþþþtþþþþþþþtþþþþttþþþtþþtþþþþttþþþþþtþtþþtþþtþtþþtþtþþtþþþttþþtþttþþt⁵þtttþtþþþtþþþþþtþþþþttþþþþþþþtttþþtþþtttttttþþtþþþþttttttþttþþtþþþþþþþþþtþtþttþþtþtþþþþþtttþtþþtþtþþþþþþþþ⁵tþþtþ4tttþþþþttþþþttttþþttttþtttþþttttþttttttþþþtttttþttþþþþttþttttþtþtttttttþttþþþþtþtþtþttþtþtttttttttþtþtþþþþtþþtþþþþtþþþþtttþþþþtþþ
Christian Loewe
Christian Loewe 2 жыл бұрын
A 2 жыл бұрын
That means you better read them first too
Chia Wildy
Chia Wildy 4 жыл бұрын
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
Devrhoid Davis
Devrhoid Davis 5 жыл бұрын
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.
Adavayya Aradrimath
Adavayya Aradrimath 6 жыл бұрын
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.
Peter Yoon
Peter Yoon 7 жыл бұрын
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!
Earn Cryptoz
Earn Cryptoz Ай бұрын
Thank you for mentioning ❤️
Prathamesh Mone
Prathamesh Mone 3 ай бұрын
I love this playlist. I am sad that Saurabh has moved away from Google and became an Investor. But they stopped adding more videos.
El Capitan
El Capitan 2 жыл бұрын
because one doesn't bite the hand that feeds. a large part of passive investment returns comes from the vacuuming of consumer pockets with all kinds of ultimately meaningless stuff. profiting from capital investment only works when a relative few are doing it. the majority must invest their personal skills in more economically productive activities (otherwise your money would be worthless).
Thefunksoulbro 2 жыл бұрын
Many people won't even spend 15 mins watching video's. I'm 60 and I am atill searching and learning. Only 4/5% of people have goals. It's not a coincidence 🙄 Have a great day 😎
Business Intel Podcast
Business Intel Podcast Жыл бұрын
Phenomenal investor. He knows how evaluate a business and he looks for when the crowd is running from businesses so he can buy businesses.
Ramnath Prabhu
Ramnath Prabhu 7 жыл бұрын
What a clarity of thought. Look at the way he explains complex subject with so much ease. Thanks for uploading this video
Ross Olinger
Ross Olinger 4 жыл бұрын
that's how you know he knows what he's talking about
Nobert Stanel
Nobert Stanel 4 жыл бұрын
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.
Kham Piseth
Kham Piseth 2 жыл бұрын
This video deserves more views. Great content from the man who has a vast experience.
vijaysanjyot 3 ай бұрын
One of the most important investor lessons I learned today.
Chris Vis
Chris Vis 10 ай бұрын
So good - can’t wait to dig into the audiobook
Tobefree Andfly
Tobefree Andfly 2 жыл бұрын
What a great lesson...Howard Marks is awesome!
LarryJ2012 Жыл бұрын
What a great teacher.
Andy 6 ай бұрын
Excellent introduction, it really sets my expectations for this talk.
Tue Pham
Tue Pham 2 жыл бұрын
Wow, I didn't expected this much of insights and wisdoms from Howard Marks. Thank Google for arranging this incredible talk !
Bruce Martin
Bruce Martin 8 жыл бұрын
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.
Virat Rana
Virat Rana Жыл бұрын
What a privilege to get to hear these lectures..
Omar Ghattas
Omar Ghattas 2 жыл бұрын
Que aula desse investidor , Thanks Google
VITO LAZLO Жыл бұрын
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.
Jijun Zha
Jijun Zha 5 жыл бұрын
Insightful and eye-opening talk.
Horward Fin
Horward Fin Ай бұрын
great investor with great philosophy.
Antony Carles
Antony Carles 10 ай бұрын
full of gems and insights
ejelly 7 ай бұрын
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.
Prem Kumar
Prem Kumar 6 жыл бұрын
Very good learnings for budding investors.
MODESTO 5 жыл бұрын
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?
Stocks Жыл бұрын
Be careful with that leverage son 🦧
choi 3 ай бұрын
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!
Mario Lewis
Mario Lewis 2 жыл бұрын
The entire video is good but the Q&A was very insightful.
N. D
N. D 5 жыл бұрын
brilliant talk, thank you
Saurabh prakash Mishra
Saurabh prakash Mishra 4 жыл бұрын
Amazing talk!!!
Adrian Cline-Bailey
Adrian Cline-Bailey 7 жыл бұрын
Honestly, I got gems about life as well as pragmatic investing. Ha. Great guy!
Driving With Ian
Driving With Ian 5 жыл бұрын
Can always learn
jasonjstdr 2 жыл бұрын
Lecture clearer than his book
Arun Ramakrishnan
Arun Ramakrishnan 7 жыл бұрын
Wow what a talk. Thanks for arranging this Google :)
Shraddhanjali Soni
Shraddhanjali Soni 5 жыл бұрын
howard marks is genius
Ross Olinger
Ross Olinger 4 жыл бұрын
This is absolutly golden
Tech Chase
Tech Chase 4 жыл бұрын
Excellent philosophy
Rakesh Rout
Rakesh Rout 4 жыл бұрын
Great lessons
woodstock envy
woodstock envy 3 жыл бұрын
Superb .. thank you for sharing this ..
IH331 4 жыл бұрын
I need to get his book.
Mint Mastering
Mint Mastering 7 жыл бұрын
"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"
Will Adote III
Will Adote III 2 жыл бұрын
Powerful words.
dad cannabis
dad cannabis 7 жыл бұрын
the most important thing is change and staying the same
Sujal Koirala
Sujal Koirala 3 жыл бұрын
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.
Ankur Bamne
Ankur Bamne 5 жыл бұрын
Great talk
vipin gupta
vipin gupta Жыл бұрын
Genius, absolutely Genius
Mxolisi Jay Dlamini
Mxolisi Jay Dlamini 10 ай бұрын
Growth Showing grace. Love these . Danko!
TazooM 4 жыл бұрын
The man is great
Frank Mathews
Frank Mathews 2 жыл бұрын
He is really good at explaining finance. #kiss
Chia Wildy
Chia Wildy 2 жыл бұрын
This is still the most important thing.
Fox 2 жыл бұрын
Aren't forecasts in economics hard because everyone's forecasts are already priced in?
Matthew Kulis
Matthew Kulis 5 ай бұрын
great tennis analogy, hitting winners vs consistently avoiding losers
william jenkins
william jenkins Жыл бұрын
The secret to success is to get it right ounce and allow compound interest to be reinvested over time.
Nina Bergitte Øvrehus
Nina Bergitte Øvrehus 5 жыл бұрын
30:00 and the minutes that follow. Take notes.
Ram Narayan
Ram Narayan 2 жыл бұрын
Clarity of thoughts
Lennart 2 жыл бұрын
48:26 this aged sooo well with oil futures for US at -20 Dollars in march haha
Jesse 3 жыл бұрын
its amazing this guy still has a career
-- 2 жыл бұрын
Jesse if you dont like him su
Driving With Ian
Driving With Ian 5 жыл бұрын
- 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.
Dom toretto
Dom toretto Жыл бұрын
The most important thing is family
norman tingee
norman tingee 3 жыл бұрын
thank you google and thank you howard mark
Cliff Kuo
Cliff Kuo Жыл бұрын
somehow I played this video every night
蔡明隆 3 жыл бұрын
Deepak Sharma
Deepak Sharma 11 ай бұрын
Thanks 🙏💯💎
Petar Dambovaliev
Petar Dambovaliev 3 жыл бұрын
This guy talks like people in finance somehow have superior intelligence. He is talking to a bunch of programmers, and programmers are a smart bunch. Buffett is not smarter than any of them. What he has is a particular talent for the domain of investing. Ask him to write some code for the linux kernel, if you think otherwise.
Petar Dambovaliev
Petar Dambovaliev 3 жыл бұрын
@Richbeatz the job of the programmer is to define what is the problem and solve it in an abstract way. This skill can be applied to many domains. We can see how things would function better if restructured in a certain way and so on.
Richbeatz 3 жыл бұрын
TThey have superior intelligence about finance and the google guys have superior intelligence about coding.
Thales Ueti
Thales Ueti 2 жыл бұрын
Really good
oshmunnies 3 жыл бұрын
This is obviously Hank Azaria living a double life as billionaire investor and orator "Howard Marks"
Manish Chandak
Manish Chandak Жыл бұрын
10:42 Decisions Under Uncertainty: Drilling Decisions by Oil and Gas Operators Book by C. Jackson Grayson
Haipeng Li
Haipeng Li 4 жыл бұрын
You gotta survive on bad days.
Docworld Academy
Docworld Academy 5 жыл бұрын
Very Practicle Way to making money on Investment.
Guillermo Crespo
Guillermo Crespo 5 жыл бұрын
Get started
Get started Жыл бұрын
52:52 good question.
JB Smoov
JB Smoov 11 ай бұрын
Google is probably very uncomfortable when a guy says ‘I don’t know’.
H. Choudhary
H. Choudhary 2 жыл бұрын
9:18 Both sentences mean exactly the same.
The Clash Calling
The Clash Calling 6 жыл бұрын
I was hoping for the Welsh hash smuggler!
Gertrudes Madrigal
Gertrudes Madrigal 7 ай бұрын
Salamat Po alam ko Po na Wala akong karapatan dahil mahirap lang ako salamat Po
Gaulin Didier
Gaulin Didier 5 жыл бұрын
Somebody has to find out why people have a propensity to cough more during conferences, shows and gathering involving sitting down...
Fox 2 жыл бұрын
I think it has to do with not speaking themselves for a long time
César Orille Museums & Gyms
César Orille Museums & Gyms 9 ай бұрын
Thanks Google.
JCResDocStudt94 l Verified l ᱬ l
JCResDocStudt94 l Verified l ᱬ l 8 жыл бұрын
16:16 You Can Not Survive On Average
Gertrudes Madrigal
Gertrudes Madrigal 7 ай бұрын
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
Jose rey Dabalos
Jose rey Dabalos 2 жыл бұрын
Gertrudes Madrigal
Gertrudes Madrigal 7 ай бұрын
Gosto ko pong makatolong Hinde Po ako Ang nang hak sainyo hinahanap ko Po kayo salamat Po god bless you po
eyemall ears
eyemall ears 2 жыл бұрын
Lesson 1: - Censor conservatives on KZbin Lesson 2: - deny it.
Ankala Akhilesh
Ankala Akhilesh 4 жыл бұрын
how is the one who conducted the interview? anyone knows his name pls????
that guy
that guy 4 жыл бұрын
Saurabh Madaan
TheOldSnake 7 жыл бұрын
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. ;)
Gertrudes Madrigal
Gertrudes Madrigal 7 ай бұрын
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
bill tomson
bill tomson 4 жыл бұрын
So is he teaching or selling?
Waldo Alcantara
Waldo Alcantara 4 жыл бұрын
So he believes in an efficient market?
Ted 8 жыл бұрын
What date was this presentation given? Thanks.
lee ong sen
lee ong sen 8 жыл бұрын
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" 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
Thomas Burnstead
Thomas Burnstead 8 жыл бұрын
The title slide says March 27, 2015
Néo Bourgeois Christum
Néo Bourgeois Christum 7 жыл бұрын
For investors that pick their nose
Jose rey Dabalos
Jose rey Dabalos 2 жыл бұрын
if you study not being to learning becoz study is none of your 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 all.
Jacob Lindberg
Jacob Lindberg 2 жыл бұрын
45:50 Q&A
Jose rey Dabalos
Jose rey Dabalos 2 жыл бұрын
in every light dat are the middle of the night they are many star to eye many one.tomorow is tomorow...
Jose rey Dabalos
Jose rey Dabalos 2 жыл бұрын
if collect stock market all company are shotdown.if bankcrupt all are support economics for build strong not for only my profit are protect help on gov....
Barovier Kevin Allybose
Barovier Kevin Allybose 4 жыл бұрын
"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.
manish kumar
manish kumar Жыл бұрын
odw99 7 жыл бұрын
I was expecting a talk about smuggling drugs…
Principles: Life and Work | Ray Dalio | Talks at Google
Talks at Google
Рет қаралды 1,2 МЛН
Врискас 🆚 Бискас | WICSUR #shorts
Рет қаралды 2,9 МЛН
Рет қаралды 2,2 МЛН
Banca March y Howard Marks:  The Truth about Investing
Рет қаралды 53 М.
3 Ways To Increase Caution In Investing with Howard Marks
The Investor's Podcast Network
Рет қаралды 58 М.
The Power of Your Subconscious Mind (1963) by Joseph Murphy
Master Key Society
Рет қаралды 3,3 МЛН
Distinguished Speaker Series with Howard Marks, ’69
The University of Chicago Booth School of Business
Рет қаралды 12 М.
Robert Greene | The Laws of Human Nature | Talks at Google
Talks at Google
Рет қаралды 1,7 МЛН
🔴 Navigating Market Cycles (w/ Howard Marks) | Real Vision Classics
Real Vision Finance
Рет қаралды 97 М.
Investment Legend Howard Marks on Mastering the Market Cycle
Рет қаралды 74 М.
Врискас 🆚 Бискас | WICSUR #shorts
Рет қаралды 2,9 МЛН