Billionaire Howard Marks Lecture on Investment Philosophy, Intrinsic Value and Managing Risk

Investor Tips
A interview and Q&A with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this lecture, Howard discusses his investment philosophy and how he finds a company’s intrinsic value. Howard also talks about how to manage risk and when the market will produce the greatest returns. 📚 Books by Howard Marks and his favourite books are located at the bottom of the description❗

Like if you enjoyed
Subscribe for more:
Follow us on twitter:

Other great Value Investor videos:⬇

Joel Greenblatt: Value Investing for Small Investors:

Seth Klarman on Value Investing, Investment Strategies and Advice for Success:

Billionaire Prem Watsa: Value Investing Philosophy and Strategy:

Video Segments:
0:00 Introduction
0:55 Investment philosophy
3:35 What principles do you use when searching for opportunities?
17:12 What kinds of information on securities do you need?
21:09 What kind of investor rationalities do you use?
33:13 What periods lead to greater or lesser returns?
44:16 How do you define and estimate value?
48:52 Factoring all the various elements of an investment?
56:48 Market prices vs intrinsic value?
1:06:57 How do you define and manage risk?
1:12:06 Asset allocation?
1:19:19 Start of Q&A
1:19:28 Outlook on Japan’s bond market?
1:23:40 Role of rating agencies in investment decisions in distressed debt?
1:28:06 Are you a participant in municipal bankruptcies?
1:32:11 Opportunities in power sector?
1:33:18 When a deal did not go your way?
1:36:22 IRR?
1:38:19 The most important thing?

Howard Marks Books 🇺🇸📈 (affiliate link)
The Most Important Thing:
Mastering The Market Cycle:

Howard Marks Favourite Books🔥
Winning the Loser’s Game:
A Short History of Financial Euphoria:
Fooled by Randomness:

Interview Date: 14th February, 2013
Original Image Source:

Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place.

For more check out the channel.

Remember to subscribe, share, comment and like!

No advertising.


Products You May Like

Articles You May Like

Why Some Older Adults Are Rethinking Whether To Downsize
A Perfect Storm For New York City Real Estate Buyers? Get Ready!
Student loan forgiveness could help narrow the racial wealth gap, say advocates. Here’s how
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
WWE boss Vince McMahon steps away from CEO role, will address misconduct probe on ‘Smackdown’