logo
episode-header-image
Mar 2019
1h 33m

#53 Howard Marks: Luck, Risk and Avoidin...

Shane Parrish
About this episode
Billionaire investor, author and co-founder of Oaktree Capital Howard Marks discusses risk assessment, how to think different than the crowd, and the three mighty dares that separate the successful from the also-rans.   Go Premium: Members get early access, ad-free episodes, hand-edited transcripts, searchable transcripts, member-only episodes, and more. S ... Show More
Up next
Mar 3
Inside the Mind of Robinhood Co-Founder Vlad Tenev
Robinhood's co-founder reveals the brutal reality of surviving an 80% market crash, going "founder mode" to cut corporate bloat, and what actually happened during GameStop. Vlad Tenev is the co-founder and CEO of Robinhood. Not only did he navigate the unprecedented GameStop cris ... Show More
1h 50m
Feb 24
[Outliers] The Obsession That Built Nike | Phil Knight
Phil Knight is the founder of Nike, the brand that reshaped sports and became one of the most powerful companies in the world. What would you do if your bank, your supplier, and your government all turned against you at the same time? Phil Knight didn’t have to imagine it. He liv ... Show More
37m 55s
Feb 17
The $2 Trillion Mind | Nicolai Tangen
Nicolai Tangen is the CEO of Norges Bank Investment Management, the world’s largest sovereign wealth fund. He is responsible for managing $2.1 trillion. That's roughly 1.7% of every listed company on earth. In this episode, we explore the intersection of massive wealth, high-spee ... Show More
1h 2m
Recommended Episodes
Apr 2023
TIP545: The Third Sea Change Has Begun w/ Howard Marks
Trey Lockerbie invites the renowned Howard Marks, known for establishing Oaktree Capital with $140B in AUM and earning a reputation as an investing legend for his consistent performance, unconventional investments, and insightful memos. In their discussion, Howard shares his view ... Show More
1h 1m
Sep 2021
TIP378: Move Forward with Caution w/ Howard Marks
In today’s episode, we have an extremely special guest who is a billionaire and investing legend, Howard Marks. Howard really needs no introduction, but if you have not read Howard's memos, you are missing a critical piece of your investing education. Howard has also written some ... Show More
55m 40s
Mar 2023
A Millionaires Masterclass In Business, Side-Hustles and Passive Income - Mark Tilbury
If you’re a fan of YouTube you’ll probably be familiar with the name Mark Tilbury, but if you’re not, Mark is self-made millionaire and social media educator who teaches business, personal finance and investing to millions and especially the next generation. Mark has an incredibl ... Show More
1h 49m
Feb 2024
TIP606: Multi-Bagger First Principles w/ Ian Cassel
On today’s episode, Clay is joined by Ian Cassel to discuss multi-bagger first principles, what he’s learned from investor Tony Deden, and biases he has had to overcome to continue improving as an investor. Ian is a full-time microcap investor and CIO of Intelligent Fanatics Cap ... Show More
1 h
Jan 2023
RWH020: The Disciplined Growth Investor w/ Fred Martin
IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 10:14 - What Fred Martin discovered about mitigating risk as a Navy officer in the Vietnam War. 14:22 - How he handles the pain & discomfort of difficult periods in the stock market. 31:52 - Why he thinks Tesla’s stock is overvalued & ... Show More
1h 59m
May 2023
TIP555: Lessons from the World's Greatest Capital Allocators
On today’s episode, Clay reviews one of Warren Buffett’s favorite investment books called The Outsiders by William Thorndike Jr. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 01:56 - How we should evaluate the performance of a CEO during their tenure. 03:01 - How Henry Singleton ... Show More
56 m
Jan 2022
Classic 03: Seth Klarman's Book - Margin of Safety
IN THIS EPISODE, YOU’LL LEARN: 12:25 - The different methods for stock investing valuations. 13:43 - The difference between investors and speculators. 21:35 - When you should hold short term and long term bonds. 40:04 - How to counteract risk in your portfolio. *Disclaimer: ... Show More
54m 14s
Nov 2018
TIP215: Billionaire Mark Zuckerberg Lessons - Facebook (Business Podcast)
On today's show, we study billionaire Mark Zuckerberg. IN THIS EPISODE YOU’LL LEARN: Why Mark Zuckerberg said no to $1B age 22 How Mark Zuckerberg thinks about making big changes to Facebook’s platform What Mark Zuckerberg is most excited about over the next 20 years How Mar ... Show More
38m 50s
Nov 2022
TIP497: Lessons from Billionaire Howard Marks
IN THIS EPISODE YOU’LL LEARN: 00:01:50 - The biggest investing lessons from Howard’s book, The Most Important Thing. 00:03:07 - How to apply second-level thinking to our investing strategy. 00:03:44 - How psychology plays such an important role in markets. 00:07:37 - How Howa ... Show More
55m 49s
Mar 2023
1631 | Dr. John Demartini: “If You’re Willing to Serve People There’s No Limit on What You Can Earn.”
tail spinning
15m 38s