![We Study Billionaires - The Investor’s Podcast Network artwork](https://is1-ssl.mzstatic.com/image/thumb/Podcasts113/v4/08/53/e2/0853e2ad-74f0-c3b7-d00c-3bbbe3912bd5/mza_7289737289138605725.jpeg/100x100bb.jpg)
TIP497: Lessons from Billionaire Howard Marks
We Study Billionaires - The Investor’s Podcast Network
English - November 22, 2022 01:00 - 55 minutes - ★★★★★ - 3.1K ratingsInvesting Business Education warren buffett valueinvesting investingpodcast investorspodcast prestonpysh stigbrodersen stockinvesting Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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 Howard thinks about the efficiency of markets.
00:20:32 - The role market cycles play in Howard’s investment strategy.
00:23:23 - Howard’s six reasons for why investors make mistakes.
00:31:27- Why you should only invest in bargains.
00:35:10 - How to invest during a low-interest rate environment.
00:39:04 - Why we should put an intense focus on investing defensively.
00:44:59 - Why making macroeconomic forecasts is likely a fool's errand.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Tune into the recent We Study Billionaire’s episode covering the Worldly Wisdom of Charlie Munger.
Learn about the best investor you’ve never heard of, Nick Sleep.
Howard Marks’ books: The Most Important Thing & Mastering the Market Cycle.
Howard’s article: The Illusion of Knowledge.
Check out William Green’s conversation with Howard Marks here.
Check out Trey Lockerbie’s conversation with Howard Marks here.
Follow Clay on Twitter and Instagram.
SPONSORS
Support our free podcast by supporting our sponsors:
River
Toyota
Sun Life
AFR
The Bitcoin Way
AT&T
Sound Advisory
Industrious
Range Rover
iFlex Stretch Studios
Meyka
Yahoo! Finance
Vacasa
Briggs & Riley
Public
American Express
USPS
Shopify
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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 Howard thinks about the efficiency of markets.
00:20:32 - The role market cycles play in Howard’s investment strategy.
00:23:23 - Howard’s six reasons for why investors make mistakes.
00:31:27- Why you should only invest in bargains.
00:35:10 - How to invest during a low-interest rate environment.
00:39:04 - Why we should put an intense focus on investing defensively.
00:44:59 - Why making macroeconomic forecasts is likely a fool's errand.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Tune into the recent We Study Billionaire’s episode covering the Worldly Wisdom of Charlie Munger.
Learn about the best investor you’ve never heard of, Nick Sleep.
Howard Marks’ books: The Most Important Thing & Mastering the Market Cycle.
Howard’s article: The Illusion of Knowledge.
Check out William Green’s conversation with Howard Marks here.
Check out Trey Lockerbie’s conversation with Howard Marks here.
Follow Clay on Twitter and Instagram.
SPONSORS
Support our free podcast by supporting our sponsors:
River
Toyota
Sun Life
AFR
The Bitcoin Way
AT&T
Sound Advisory
Industrious
Range Rover
iFlex Stretch Studios
Meyka
Yahoo! Finance
Vacasa
Briggs & Riley
Public
American Express
USPS
Shopify
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm