#1
Patient Opportunism
"The key to investment success is waiting for the fat pitch - the opportunity that offers exceptional value with limited risk."
Patience to wait for obvious opportunities is crucial
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Howard Marks📌 Buying Principles
Howard Marks's Buying Principles Rules
Howard Stanley Marks (born April 23, 1946) is an American investor and writer. He is the co-founder and co-chairman of Oaktree Capital Management, one of the world's largest investors in distressed securities with over $150 billion in assets under management. Marks is renowned for his insightful memos to clients, which have been published since 1990 and are widely read in...
3 principles·Buying Principles
3 Key Buying Principles Principles
#2
Contrarianism
"To achieve superior results, you have to hold non-consensus views about value, and they have to be accurate."
Superior returns require correct contrarian views on value
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Buying Well
"Well-bought is half-sold. The most important thing is not what you buy, but what you pay for it."
Purchase price determines most of your eventual investment success
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What are Howard Marks's key buying principles principles?
Howard Marks has 3 key principles on buying principles. The most important one is "Patient Opportunism" — The key to investment success is waiting for the fat pitch - the opportunity that offers exceptional value with limited risk.
How does Howard Marks apply buying principles in practice?
Howard Marks applies buying principles through several key principles including "Patient Opportunism" and "Contrarianism". These principles guide practical investment decisions and have been tested across decades of market cycles.
What makes Howard Marks's approach to buying principles unique?
Howard Marks's approach to buying principles is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Howard Marks provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
