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 most important thing is to know where you stand in the cycle and act accordingly. We might not know where we're going, but we should know where we are."
Awareness of cycle position guides investment decisions.
Read Full Analysis →"There are old investors, and there are bold investors, but there are no old bold investors. The road to long-term investment success runs through risk control more than aggressiveness."
Long-term success requires defensive orientation.
Read Full Analysis →"First-level thinking says, 'It's a good company; let's buy the stock.' Second-level thinking says..."
Second-level thinking digs deeper than surface-level analysis
Read Full Analysis →Howard Marks has 3 key principles on thinking methods. The most important one is "Know Your Position in Cycle" — The most important thing is to know where you stand in the cycle and act accordingly.
Howard Marks applies thinking methods through several key principles including "Know Your Position in Cycle" and "Defensive Investing System". These principles guide practical investment decisions and have been tested across decades of market cycles.
Howard Marks's approach to thinking methods 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.
