Howard Marks: The Memo Writer Who Pioneered Distressed Debt
Howard Marks built Oaktree into a $200B credit firm with a single discipline: never overpay. The five lessons every value investor steals from him.
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Learn from the greatest investors in history. Their strategies, philosophies, and timeless wisdom.
Howard Marks built Oaktree into a $200B credit firm with a single discipline: never overpay. The five lessons every value investor steals from him.
Edward Thorp ran Princeton/Newport at ~19.1% a year for two decades with no losing year. Here is the framework that built modern quant investing.
In 2011, Buffett invested $10B in $$IBM$$ when tech was 'too hard' for value investors — here's what the trade reveals about his real strategy.
Walter Schloss compounded ~16% per year for nearly 50 years from a one-room office, alone. Here is the simple framework that made it work.
Bogle launched index funds in 1976 and Wall Street mocked it as "Bogle Folly." Five decades on, his math has saved investors trillions in fees.
Tom Gayner has compounded Markel above the S&P for 30 years using a four-part filter that fixes the one rule classic value investing gets wrong.
Terry Smith built Fundsmith into a $19B fund by following three rules: buy good companies, do not overpay, do nothing. Why his strategy beats Wall Street.
Nick Sleep ran the Nomad Investment Partnership for 13 years and returned ~921% on just three stocks: AMZN, COST, BRK.B. His framework still holds today.
Charlie Munger built the latticework of mental models behind Berkshire Hathaway. His five principles, famous trades, and the inversion habit explained.
Chuck Akre's 3-legged stool (great business, smart management, reinvestment runway) built ~16.8% annualized returns. Here are his 8 favorite holdings.
Buffett's $1 billion investment in Coca-Cola in 1988 seemed reckless — until it returned over 20x. Here's what his portfolio teaches us today.
David Tepper bought bank stocks when everyone else was running. The trade returned 132% and made $7B. Inside the Appaloosa contrarian playbook.