On today’s show, we talk to billionaire, Howard Marks. Mr. Marks has produced a 19% annual return for the past 22 years investing in distressed debt. He has been a money manager for 50 years and is a renown luminary in security analysis.

In this episode, you’ll learn:

  • How Howard Marks invests accordingly to the market cycle
  • How Howard Marks can be fully invested, and still be cautious in an overvalued stock market
  • How to assess where we are in the market cycle
  • What Howard Marks learned from the current cycle we’re in
  • Which advice Charlie Munger had for Howard Marks about investing

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Howard Marks’ new book, Mastering The Market Cycle

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