A Conversation with Howard Marks and Mike Milken

Speaker: Howard Marks, Chairman, Oaktree Capital Management
Interviewer: Michael Milken, Chairman, Milken Institute

When an investor tells you, "This time is different," says Howard Marks, take caution. "These four words should strike fear - and perhaps suggest an opportunity for profit - for anyone who understands the past and knows it repeats." Indeed, Marks warns that failing to heed the lessons of history "is what dooms investors to being victimized repeatedly by cycles of boom and bust." Such straightforward advice, compiled in his book "The Most Important Thing," as well as his prescient investing have made Marks an industry legend. Join Institute Chairman Mike Milken (who also often notes that history repeats itself) as he welcomes Marks for a discussion on the current economic climate, ways to think about and gauge risk, the crucial importance of research and analysis, and lessons learned over the course of a long and successful investing career.

#HowardMarks #Investing

[ggrthemostgodless]

I love this type of financial investor or economist... they are very philosophical about how they go about their work and a certain sureness about their views based on KNOWLEDGE and experience, which makes them a bit wise... so I despair because every time I deal with financial advisors they are just morons, cocky morons at that who insist on whatever they want you to do or have very limited (fees!!) views about basically anything and get upset if you choose not to go with them into ANYTHING they "advise" where can I find a financial advisor (not 'planner') who is not a complete ass??

[LAGENIUSMUSICA]

Îf i can think l and understand whe the Big Players witch are change the Markets i can tak the provit

[LAGENIUSMUSICA]

I thnk if you can see potentianl in others you can nvest n them. MY Plan is learn Trading with is connected to master yourself. Then Learn Investing until you have Kapital too built your Company Up.

[DoYouFeelLucky]

Anyone else click on this vid for the *other* Howard Marks - 'Mr Nice'? Quite the disappointment :P