Howard Marks: Pattern Recognition In Markets, Portfolio Positioning and Market Cycles (2018)

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A interview and Q&A with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses the patterns he has come to recognise in the market and how to adjust a portfolio to different points in a market cycle. Howard also talks about the worst words in investing and the impact of history on making investment decisions. ???? Books by Howard Marks and his favourite books are located at the bottom of the description❗

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Video Segments:
0:00 Introduction
4:48 How were you able to synthesize your perspective on markets?
8:50 Pattern recognition?
12:30 Positioning?
19:58 Aggressive vs defensive portfolio?
30:31 FAANG stocks and worst words in the world?
38:28 Philanthropy?
41:44 Start of Q&A
41:59 Definition of defensive portfolio?
44:04 What do you think about the rise in interest rates?
48:51 Financial companies investing with algorithms effect on cycles?
50:41 How do you view debt levels?
52:44 How do we know if the different market cycles will link up?
57:00 Insights on managing margin in market cycles?

Howard Marks Books ???????????? (affiliate link)
The Most Important Thing:http://bit.ly/MostImportantThingHM
Mastering The Market Cycle: http://bit.ly/MasteringTheMarketCycle

Howard Marks Favourite Books????
Winning the Loser’s Game:http://bit.ly/WinningTheLosersGame
A Short History of Financial Euphoria:http://bit.ly/FinancialEuphoria
Fooled by Randomness:http://bit.ly/FooledByRandomnessHM

Interview Date: 11th October, 2018
Original Image Source:http://bit.ly/HMarksPic12

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