Howard Marks
Howard Marks📌 Long-Term Investing

Howard Marks's Long-Term Investing 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·Long-Term Investing

3 Key Long-Term Investing Principles

#1

Patient Opportunism

"Patient opportunism — waiting for bargains — is often your best strategy. The market eventually offers great opportunities to those who wait."

Wait patiently for the best bargains.

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#2

Time Is On Your Side

"If you buy right, time is on your side. Good investments get better with time; bad ones just get exposed."

Good investments compound value over time.

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#3

Long-Term Orientation

"Short-term performance is meaningless. What matters is getting where you want to be over the long term with acceptable risk."

Focus on long-term outcomes, not short-term noise.

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Frequently Asked Questions

What are Howard Marks's key long-term investing principles?

Howard Marks has 3 key principles on long-term investing. The most important one is "Patient Opportunism" — Patient opportunism — waiting for bargains — is often your best strategy.

How does Howard Marks apply long-term investing in practice?

Howard Marks applies long-term investing through several key principles including "Patient Opportunism" and "Time Is On Your Side". These principles guide practical investment decisions and have been tested across decades of market cycles.

What makes Howard Marks's approach to long-term investing unique?

Howard Marks's approach to long-term investing 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.

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