RWH063: Avoid Disaster w/ Howard Marks

You're listening to TIP. You're listening to the Richer, Wiser, Happier podcast, where your host, William Green, interviews the world's greatest investors and explores how to win in markets and life. Hi folks, I'm absolutely thrilled to welcome back a very special guest today, Howard Marks, who's the chairman of Oak Tree Capital Management. It's been a landmark year both for Oak Tree and Howard. Oak Tree recently celebrated its 30-year anniversary, and since Howard co-founded the firm in 1995, it's been a spectacular success.

It's grown into a globally revered leader in alternative investments with something like $218 billion in assets under management and more than 1,400 employees around the world. And a few weeks ago, Howard also celebrated another landmark, which is 35 years of writing his extraordinary memos, which are such a trove of clear and lucid investment wisdom that they've earned a devoted following of, I think, more than 300,000 subscribers. Howard marked that anniversary by publishing a free compilation of 45 of the best memos, which I spent the last couple of days rereading. I would say personally that nobody other than Warren Buffett has done more to distill and share the enduring truths of investing.

So today we're going to focus in some depth on some of the most important things that Howard's figured out in his 56 years. not only as one of the great investors of our time, but I would say also one of the great teachers of the investing world. So Howard, it's lovely to see you again. Thank you so much for joining us. Thank you, William.

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