Howard Marks is chairman and cofounder of the Los Angeles-based investment firm, Oaktree Capital Management.
In The Most Important Thing, Howard Marks outlines the sometimes controversial investment philosophy that he developed and honed through many years of market experience. In his view, successful investment requires us to pay thoughtful attention to many different aspects of the current market, and too often use that information to counter the predominant trends.
Mastering the Market Cycle (2018) tackles a subject that’s often misunderstood, ignored or both: financial cycles. It not only explains what cycles are, how they tend to act and what influences them, but how best to position yourself within them to deal with risk and the current market environment. Along the way, it discusses multiple recent financial cycles, teasing out the lessons that can be learned from each.