Tag: investing
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Timeless Wisdom: What 35 Years of Howard Marks’ Memos Teach Us About Investing
For over three decades, Howard Marks, co-founder of Oaktree Capital Management, has been writing investment memos that have become legendary in financial circles. What began as a simple attempt to explain market events to clients has evolved into one of the most influential bodies of work in investment philosophy. His reflections, compiled in “35 Years…
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How to prepare for Fat Tail events
Today, we live in a complex and interconnected world. Taleb suggests that this connectivity “fattens the tails” which means we will face an increasing amount of potentially very negative events in the future. 1. Embrace Antifragility Over Optimization Taleb warns against “pseudo-efficiency”—chasing short-term gains that leave you vulnerable. For instance, outsourcing everything to one supplier…
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