Howard Marks
(born 1946) is an American investor and co-founder of Oaktree Capital Management. He is known for his insights into market cycles, risk management, and value investing. Marks’s memos to investors are widely read and respected for their clarity and wisdom. His book "The Most Important Thing" outlines key principles of successful investing. Howard Marks’s approach emphasizes discipline, patience, and understanding risk. His influence continues to shape modern investment strategies and financial thinking.
10 quotes in this collection. Read them below, share your favourites, or follow the related links to explore similar voices.
All quotes by Howard Marks
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“Cycles are one of the most important aspects of investing.”
Meaning: This highlights the importance of understanding market cycles. -
“The key to success isn’t necessarily in avoiding risk, but in understanding it.”
Meaning: It emphasizes managing rather than avoiding risk. -
“The most important thing is to be able to survive.”
Meaning: It highlights that long-term success depends on avoiding major losses. -
“You must be willing to look wrong in order to be right.”
Meaning: This highlights the importance of conviction in decisions. -
“The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological.”
Meaning: It emphasizes emotional control in investing. -
“Being too far ahead of your time is indistinguishable from being wrong.”
Meaning: This reflects how timing affects perception of ideas. -
“Risk comes from not knowing what you're doing.”
Meaning: This emphasizes the importance of knowledge in reducing risk. -
“You can’t predict. You can prepare.”
Meaning: This quote emphasizes that instead of trying to forecast the future, it is better to be ready for different outcomes. -
“Good investing is not about being right all the time, but about being right when it matters most.”
Meaning: It emphasizes strategic correctness over constant accuracy. -
“You must be able to think independently and objectively.”
Meaning: It highlights the importance of independent thinking in decision-making.