73 TIP: Billionaire Howard Marks - The Most Important Thing

In this episode, Preston and Stig discuss billionaire Howard Marks' book, The Most Important Thing. The topics discussed include risk management, probability projections, credit cycle timing, and the efficient market hypothesis. You won't want to miss this engaging discussion from a book written by one of the best investors in the world.

IN THIS EPISODE, YOU’LL LEARN:
- How Preston’s short position of junk bonds is performing
- How any asset is attractive at the right price, and how no asset is attractive at the wrong price
- Why value investors should be attentive to credit cycles
- How all financial markets are swinging like a pendulum and how to profit from it
- Why value investing is like tennis for beginners

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ADDITIONAL INVESTING RESOURCES:

Intrinsic Value Assessments:

Investing Explained:

We Study Billionaires:

Bitcoin Fundamentals:

Millennial Investing:

Real Estate 101:

Asset Allocation Course:

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DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

[MrYufu]

I love this great book and listen to it many times.

[shohruza]

Thank you guys for sharing great values

[benhallo]

thanks dudes. interesting to hear your predictions in 2016. just shows how no body not even 2 guys who know a lot about the market can predict the future.