#1
Wisdom of Experience
"Experience is the best teacher in investing. Every cycle teaches lessons that books cannot. The key is to learn from both success and failure."
Learn from every market cycle.
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Howard Marks📌 Life Wisdom
Howard Marks's Life Wisdom 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·Life Wisdom
3 Key Life Wisdom Principles
#2
Wisdom of Humility
"The wise investor knows that certainty is an illusion. Embrace uncertainty, prepare for the unexpected, and never assume you know what's coming next."
Embrace uncertainty as the reality of investing.
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Living with Uncertainty
"Life and investing share a common truth: the future is unknowable. The best we can do is prepare for multiple outcomes and act with appropriate caution."
Prepare for multiple outcomes in an unknowable future.
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What are Howard Marks's key life wisdom principles?
Howard Marks has 3 key principles on life wisdom. The most important one is "Wisdom of Experience" — Experience is the best teacher in investing.
How does Howard Marks apply life wisdom in practice?
Howard Marks applies life wisdom through several key principles including "Wisdom of Experience" and "Wisdom of Humility". These principles guide practical investment decisions and have been tested across decades of market cycles.
What makes Howard Marks's approach to life wisdom unique?
Howard Marks's approach to life wisdom 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.
