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...
"The best stock picks often come from distressed situations where fear has driven prices far below intrinsic value. Courage and analysis are both required."
Distressed situations offer the best stock picks.
Read Full Analysis →"Credit markets often signal equity opportunities before they appear. When credit spreads widen dramatically, it's time to start looking for equity bargains."
Credit markets provide early signals for equity opportunities.
Read Full Analysis →"Be highly selective. It's better to make a few excellent investments than many mediocre ones. The quality of your picks matters more than the quantity."
Quality of stock picks matters more than quantity.
Read Full Analysis →Howard Marks has 3 key principles on stock picking. The most important one is "Distressed Opportunities" — The best stock picks often come from distressed situations where fear has driven prices far below intrinsic value.
Howard Marks applies stock picking through several key principles including "Distressed Opportunities" and "Credit Market Signals". These principles guide practical investment decisions and have been tested across decades of market cycles.
Howard Marks's approach to stock picking 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.
