Think smarter, not harder with Howard Marks
In this engaging podcast, Howard Marks, co-founder of Oaktree Capital, and Guy Spier, founder of Aquamarine Capital, share invaluable investment wisdom with Roi Lipovetzky, a former MBA student and current investment professional at Oakmount Capital. The conversation explores key principles of successful investing, such as mastering market cycles, second-level thinking, risk management, and the importance of long-term, contrarian positions. Howard reflects on his experience through major market events, while Guy emphasizes the need for emotional discipline and unconventional thinking. A key theme in their discussion is the importance of being true to oneself, especially in a world that often values conformity. Both Howard and Guy highlight the value of making independent decisions and staying grounded in one’s own principles, rather than trying to please others or follow popular trends. With years of collective experience, Howard and Guy provide deep insights into the mindset needed for lasting success in investing and life. Full transcript available here: https://aqfd.docsend.com/view/2nv2iqixj8rm7bb7 Contents: (00:00) A Journey of Learning: Insights from Howard Marks, Guy Spier an Roi Lipovetzky (03:20) Focusing on Excellence: Howard Marks on Building Oaktree for the Long Term (07:19) Writing for Investors, Not for Entertainment (18:09) Honesty, Risk and Purpose (27:23) The Value of Fun: Howard Marks on Enjoyment, Work, and Investing (33:38) Risk, Resilience, and Staying True to Your Principles (41:12) Closing Reflections: The Power of Truth and Clarity
January 23, 2025
53 min
55
Full
58 of 62
Episode 55 · January 23, 2025
Think smarter, not harder with Howard Marks
0:00 / 53:11
Excerpt playback isn’t available for this episode — use the full-episode link.
Search the Record
Moment search isn’t open for this episode yet
When it opens, you’ll be able to type any phrase and jump straight to the second it was said.
Guy Spier Episodes Around January 23, 2025
Episode 58 of 62 — walk the feed in the order it was published.
23:46Jeff Henriksen: Learning by Teaching. Gaining the Behavioral Edge in Investing
53:11This episodeThink smarter, not harder with Howard Marks
Summary
In this engaging podcast, Howard Marks, co-founder of Oaktree Capital, and Guy Spier, founder of Aquamarine Capital, share invaluable investment wisdom with Roi Lipovetzky, a former MBA student and current investment professional at Oakmount Capital.
The conversation explores key principles of successful investing, such as mastering market cycles, second-level thinking, risk management, and the importance of long-term, contrarian positions. Howard reflects on his experience through major market events, while Guy emphasizes the need for emotional discipline and unconventional thinking.
A key theme in their discussion is the importance of being true to oneself, especially in a world that often values conformity. Both Howard and Guy highlight the value of making independent decisions and staying grounded in one’s own principles, rather than trying to please others or follow popular trends.
With years of collective experience, Howard and Guy provide deep insights into the mindset needed for lasting success in investing and life.
Full transcript available here: https://aqfd.docsend.com/view/2nv2iqixj8rm7bb7
Contents:
(00:00) A Journey of Learning: Insights from Howard Marks, Guy Spier an Roi Lipovetzky
(03:20) Focusing on Excellence: Howard Marks on Building Oaktree for the Long Term
(07:19) Writing for Investors, Not for Entertainment
(18:09) Honesty, Risk and Purpose
(27:23) The Value of Fun: Howard Marks on Enjoyment, Work, and Investing
(33:38) Risk, Resilience, and Staying True to Your Principles
(41:12) Closing Reflections: The Power of Truth and Clarity
Episode details and artwork are published by the show’s own feed. Sentinel plays short cited excerpts and links every episode back to its publisher.