The Rewind: On The Couch
Howard reflects on this memo originally published on January 14, 2016. In the first of a two-part series, he analyzes investors’ irrationality and discusses why things that are obvious in investing ar...
30 Sep 20211h 13min
The Rewind: Us and Them
Howard reflects on this memo originally published on May 7, 2004. In a discussion that namechecks both psychologist Amos Tversky and tennis great Pete Sampras, Howard explains why too much confidence ...
26 Aug 202143min
The Rewind: It Is What It Is
Howard reflects on this memo originally published on March 27, 2006. In this wide-ranging discussion, he weaves together the Japanese concept of mujo, probability theory and the Super Bowl to suggest ...
24 Jun 202143min
The Rewind: Dare to Be Great II
Howard reflects on this memo originally published on April 8, 2014. In the second episode of a two-part series, he asks whether investors are willing to do what is necessary in order to be great – inc...
5 Mai 202145min
The Rewind: Dare to Be Great
Howard reflects on this memo originally published on September 7, 2006. In the first episode of a two-part series, he offers suggestions to those daring to be superior investors. There are no formulas...
29 Apr 202154min
2020 in Review
Last year featured a jaw-dropping list of extremes, from a once-in-a-century pandemic to record-breaking market moves. Howard Marks writes in his latest memo about approaching the investment environme...
19 Mar 202131min
The Rewind: You Can’t Predict. You Can Prepare.
Howard looks back on this memo, originally published on November 20, 2001. The title was inspired by a TV commercial tagline from that time: “It's almost a Yogi Berra type statement that makes no appa...
24 Feb 202152min
