The Most Important Thing - Origins and Inspirations | Howard Marks | Talks at Google

Warren Buffett said "When I see memos from Howard Marks in my mail, they're the first thing I open and read." Howard is the Co-Chairman of Oaktree Capital Management. He is known in the investment community for his "Oaktree memos" to clients which detail investment strategies and insight into the economy. He treats investing as equal parts psychology and finance, and his book The Most Important Thing provides "uncommon sense for the thoughtful investor."

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  • @heliowinter
    @heliowinter7 жыл бұрын

    Thank you Google, for doing this for free and avaliable to everyone. AWESOME, Howard Marks is great!

  • @jaysontoh1988

    @jaysontoh1988

    6 жыл бұрын

    heliowinter Tc CCO ccc

  • @braveones7053

    @braveones7053

    2 жыл бұрын

    kzread.info/dash/bejne/qaSgtcqYYpOdddY.html IPO

  • @nivagnoswal
    @nivagnoswal8 жыл бұрын

    Excellent lecture, Howard Marks is almost as good a teacher as he is an investor.

  • @kingcountyband

    @kingcountyband

    4 жыл бұрын

    Probably why he made his money investing and not as a professor. I want to read his books and the ones he's mentioned as well.

  • @wyh194

    @wyh194

    3 жыл бұрын

    All great investors are great thinkers And Teachers

  • @braveones7053

    @braveones7053

    2 жыл бұрын

    kzread.info/dash/bejne/qmyk1Y-Tms7fiaw.html

  • @231wildy
    @231wildy6 жыл бұрын

    Warren Buffett said "When I see memos from Howard Marks in my mail, they're the first thing I open and read." This is exactly how I feel today. My best few hours spent in my lifetime.

  • @231wildy

    @231wildy

    6 жыл бұрын

    I rewatch this every few nights. The underlying messages carry so much weight and meaning. Wish i had watched this earlier than to hear out random.... mr-know-all. Investing never easy and was.... never easy to start with

  • @mando8222

    @mando8222

    4 жыл бұрын

    That means you better read them first too

  • @christianloewe1902

    @christianloewe1902

    3 жыл бұрын

    Oooo

  • @helenkok1360

    @helenkok1360

    3 жыл бұрын

    @@231wildy þþþtþ5t5þtt⁵þtþttþtttþttþþþtþþttttþþþþtþttþttþþþtþþtþþtþtttþttþþþþþtþþþþþþþttþþþtttþttþþþþttþþtþþtþtþþþþþtþtþtþþþþþttþtttþþtþþþþttþþtþþþþþtþþþttþþþþtþtþttþttttþþþtþþþtþþþþþþþþtþþtþþþþþþtþtþttttttþþþþ⁵þþþþþtþtþþþþþtttþþtþþþtþþþþþtþþþtþttþþttþþþþtþtþtþþþtþttþþþþttþtþþtttþtþttþþttþtþþþþtþþþtþþþþttttt5tþtþtttþþþtttþtttttttþþþþtþtþtþþþþtttttttþttþtýtþt5þþþþþþttþttþttttþþþþþttþtþþþtþþtþtþþttttþþþttttþtþþttþþþt⁵þtþþþþþþþþþþþttþtttþttþþttþþþtþttþtþþtþtþþþþþþþttþþþþþt⁵tþþþtþþtttþþþþtþþttþtþþtþþþtþþþttttttttttþtttttþtttþtttþtttþtttttþttþtþttttþttþtttþtþtþþtþþþttþþþþþþþþtþþþtþtþþþþþttþþtþtttttttttþþþþtþþþþþtþtþttþtþtþþþþ5ytþþtþþþþtþþþþt⁵ttþþþþþþþþttþþþþttþþþþþþþþtþþþþþtþþþtþtþþþþþþtþþttþþþþþttþþþþþttþþþþþþþþþtþþtþþþþtþþþþþþþþtþþþttþþþþþtþþþþþþþttþþttþtþþtþþþþtþttþþþþþþtþþþþþþt⁵þtþþþþþþttþþþtþtþtþtþþþtþþttþþttþtþþþttttttþtttþþtþþtþþttþþþþþtþþþþþþþtþþþþttþþþtþþtþþþþttþþþþþtþtþþtþþtþtþþtþtþþtþþþttþþtþttþþt⁵þtttþtþþþtþþþþþtþþþþttþþþþþþþtttþþtþþtttttttþþtþþþþttttttþttþþtþþþþþþþþþtþtþttþþtþtþþþþþtttþtþþtþtþþþþþþþþ⁵tþþtþ4tttþþþþttþþþttttþþttttþtttþþttttþttttttþþþtttttþttþþþþttþttttþtþtttttttþttþþþþtþtþtþttþtþtttttttttþtþtþþþþtþþtþþþþtþþþþtttþþþþtþþ

  • @braveones7053

    @braveones7053

    2 жыл бұрын

    kzread.info/dash/bejne/qaSgtcqYYpOdddY.html

  • @pxy21cwru
    @pxy21cwru8 жыл бұрын

    I've been watching all the videos on this playlist. Is anyone else wondering why these videos do not have millions and millions of views? I mean honestly, there is so much money to be made by these insightful security analyses that all branch off Buffet, Graham, and Dodd's investment philosophies. It's like the world is backwards, because we have these useless music videos that promote hyper consumption garnering millions of views daily, and then whenever gems like these videos are out for the the whole entire public to use, not even 100,000? Same thing goes with the Yale Courses, the MIT OPENCOURSWEARE, the Stanford Graduate School Business videos. I guess value investing applies to personal development as well!

  • @needviola

    @needviola

    8 жыл бұрын

    +Peter Yoon don't share them. The more value investors, the less it works....

  • @ArunRamakrishnan

    @ArunRamakrishnan

    8 жыл бұрын

    +Zach Dellinger Knowledge shared nevers yields less. If Linus thought the same way, we wont have Linux today :)

  • @needviola

    @needviola

    8 жыл бұрын

    +Arun Ramakrishnan Think your right. Besides, every time I try to explain to someone that can buy a dollar for 50 cents, 9 xs out of 10 there eyes glaze over. People are wierd....

  • @ArunRamakrishnan

    @ArunRamakrishnan

    8 жыл бұрын

    Well most of the crowd wants to buy the hot dollar at $5 and want 10X returns in 1 week :) In fact 6 months is loong term investing for them. So talking abt Seth Klarman or Howard Marks is a lost cause :)

  • @lekabros

    @lekabros

    8 жыл бұрын

    +Peter Yoon By definition, to make money, there should be many that are wrong.

  • @ramnathprabhu4867
    @ramnathprabhu48678 жыл бұрын

    What a clarity of thought. Look at the way he explains complex subject with so much ease. Thanks for uploading this video

  • @rossolinger4477

    @rossolinger4477

    5 жыл бұрын

    that's how you know he knows what he's talking about

  • @Devrhoid
    @Devrhoid6 жыл бұрын

    Definitely getting that book. I mean really look at the points. I have always heard about Howard but I am just now getting to his Investment Philosophy. I've been going through Joel Greenblatt, Peter Lynch, Guy Spier and Mohnish's stuff. Thank you Investor Archive.

  • @adavayya
    @adavayya7 жыл бұрын

    Thanks to Google for these talks. Howard Marks' memos have many life lessons and teach more than just investing. His book "The Most Important Thing" is a must read for everyone.

  • @braveones7053

    @braveones7053

    2 жыл бұрын

    kzread.info/dash/bejne/qmyk1Y-Tms7fiaw.html

  • @viratrana
    @viratrana3 жыл бұрын

    What a privilege to get to hear these lectures..

  • @KhamPisethOfficial
    @KhamPisethOfficial4 жыл бұрын

    This video deserves more views. Great content from the man who has a vast experience.

  • @chicjelly
    @chicjelly Жыл бұрын

    Most unpretentious yet intense and punchy like hack though softly delivered. I have to pause every now and then to stomach and take it in, feeling stricken to the core. I think he'd also make a great obi wan kenobi in Star Wars, if given a hoodie! I can listen to him all day.

  • @NEYHIUM
    @NEYHIUM7 ай бұрын

    A diamond lecture, thanks Google for do this accesible for all people!

  • @modesto885
    @modesto8857 жыл бұрын

    This talk was one of the best i've heard in a while. Is there a way i can upvote this video 3times per one click?

  • @gordongordon98

    @gordongordon98

    3 жыл бұрын

    Be careful with that leverage son 🦧

  • @MrBloody32
    @MrBloody329 жыл бұрын

    Read the book around Christmas time and really enjoyed it. I wish he did more public speaking, there are only a handful of lectures on KZread.

  • @tactical-offset
    @tactical-offset2 жыл бұрын

    Phenomenal investor. He knows how evaluate a business and he looks for when the crowd is running from businesses so he can buy businesses.

  • @vijaysanjyot
    @vijaysanjyot Жыл бұрын

    One of the most important investor lessons I learned today.

  • @danielzha7826
    @danielzha78266 жыл бұрын

    Insightful and eye-opening talk.

  • @phamhoaU2BE
    @phamhoaU2BE11 ай бұрын

    Thank you Howard for the wonderful presentation and Google Talks for organizing this. ❤❤❤❤

  • @TheMCL2
    @TheMCL24 жыл бұрын

    The entire video is good but the Q&A was very insightful.

  • @tuepham3293
    @tuepham32934 жыл бұрын

    Wow, I didn't expected this much of insights and wisdoms from Howard Marks. Thank Google for arranging this incredible talk !

  • @nobertstanel9428
    @nobertstanel94285 жыл бұрын

    Listened to his speech in India over 20 times again and again, and il keep doing it with this one as well, because these are the fundamental truths of investing, incredibly valuable - Thank You.

  • @ArunRamakrishnan
    @ArunRamakrishnan8 жыл бұрын

    Wow what a talk. Thanks for arranging this Google :)

  • @braveones7053

    @braveones7053

    2 жыл бұрын

    kzread.info/dash/bejne/qaSgtcqYYpOdddY.html

  • @vitolazlo5767
    @vitolazlo57672 жыл бұрын

    These ideas and teachings by Mr. marks, can also be applied to life in general. Our process for decision making. Some, of the hardest investment decisions that I have made, made me the most money.

  • @LemmingAttack
    @LemmingAttack Жыл бұрын

    Excellent introduction, it really sets my expectations for this talk.

  • @LarryJ2012
    @LarryJ20122 жыл бұрын

    What a great teacher.

  • @n.d8001
    @n.d80016 жыл бұрын

    brilliant talk, thank you

  • @tobefreeandfly1549
    @tobefreeandfly15493 жыл бұрын

    What a great lesson...Howard Marks is awesome!

  • @rossolinger4477
    @rossolinger44775 жыл бұрын

    This is absolutly golden

  • @mxolisijaydlamini441
    @mxolisijaydlamini4412 жыл бұрын

    Growth Showing grace. Love these . Danko!

  • @vtvprem
    @vtvprem7 жыл бұрын

    Very good learnings for budding investors.

  • @adriancline-bailey3301
    @adriancline-bailey33018 жыл бұрын

    Honestly, I got gems about life as well as pragmatic investing. Ha. Great guy!

  • @youbian

    @youbian

    6 жыл бұрын

    Can always learn

  • @cv0669
    @cv06692 жыл бұрын

    So good - can’t wait to dig into the audiobook

  • @saurabhbcn
    @saurabhbcn5 жыл бұрын

    Amazing talk!!!

  • @woodstockenvy4666
    @woodstockenvy46664 жыл бұрын

    Superb .. thank you for sharing this ..

  • @landi2244
    @landi2244 Жыл бұрын

    "You should not act as if the things that should happen, are the things that will happen" . Thats deep.

  • @choi9418
    @choi9418 Жыл бұрын

    40:00 I want to be above the middle on a consistent basis over the long term. We want to be a little bit above the middle all the time. We think that over a long period of time we will be very respectable that way. Thank you for great videos!

  • @mr12aT
    @mr12aT8 жыл бұрын

    "In the end buyers took out the biggest mortgage possible given there incomes and prevailing interest rates, such mortgages would land then in the houses of there dreams and will leave them there as long as conditions did not deteriorate which they invariably do"

  • @KingWillSkill

    @KingWillSkill

    3 жыл бұрын

    Powerful words.

  • @Texas80
    @Texas805 жыл бұрын

    I need to get his book.

  • @rakeshrout8739
    @rakeshrout87395 жыл бұрын

    Great lessons

  • @ankurbamne7155
    @ankurbamne71556 жыл бұрын

    Great talk

  • @antonycarles1499
    @antonycarles1499 Жыл бұрын

    full of gems and insights

  • @QuantApplicantMattKulis
    @QuantApplicantMattKulis Жыл бұрын

    great tennis analogy, hitting winners vs consistently avoiding losers

  • @sujalkoirala3675
    @sujalkoirala36755 жыл бұрын

    There is sth called the uncertainity principle in physics too. You can't measure the position and momentum at the same time with very high accuracy.

  • @chrispedersen2526
    @chrispedersen25269 ай бұрын

    This was incredible! Glad I found this gem. Hopefully price sensitive investing pays off for me. Think I learned my lesson buying high in 2021, whoops! Not doing that again.

  • @novrehus
    @novrehus6 жыл бұрын

    30:00 and the minutes that follow. Take notes.

  • @techchase5420
    @techchase54205 жыл бұрын

    Excellent philosophy

  • @omar1003ramo
    @omar1003ramo4 жыл бұрын

    Que aula desse investidor , Thanks Google

  • @williamjenkins7562
    @williamjenkins75622 жыл бұрын

    The secret to success is to get it right ounce and allow compound interest to be reinvested over time.

  • @Selfmadetitans
    @Selfmadetitans3 ай бұрын

    Thank you

  • @dtdrwo
    @dtdrwo Жыл бұрын

    great investor with great philosophy.

  • @vipingupta3694
    @vipingupta36942 жыл бұрын

    Genius, absolutely Genius

  • @TazooMarketingLondon
    @TazooMarketingLondon5 жыл бұрын

    The man is great

  • @corylowe5557
    @corylowe5557 Жыл бұрын

    Awesome video

  • @manishchandak5019
    @manishchandak50192 жыл бұрын

    10:42 Decisions Under Uncertainty: Drilling Decisions by Oil and Gas Operators Book by C. Jackson Grayson

  • @chiawildy563
    @chiawildy5633 жыл бұрын

    This is still the most important thing.

  • @jasonjstdr
    @jasonjstdr3 жыл бұрын

    Lecture clearer than his book

  • @TedMinnesota
    @TedMinnesota9 жыл бұрын

    What date was this presentation given? Thanks.

  • @tburnstead

    @tburnstead

    9 жыл бұрын

    The title slide says March 27, 2015

  • @leeongsen3276

    @leeongsen3276

    9 жыл бұрын

    Ted e i think the presentation was given before Dec 18, 2014 this is because based on the latest howard memo :"The Lessons of oil" www.oaktreecapital.com/memotree/The%20Lessons%20of%20Oil.pdf he mention: For the last 3½ years, Oaktree's mantra has been "move forward, but with caution". For the first time in that span, with the arrival of some disarray and heightened risk aversion, events tell us it's appropriate to drop some of our caution and substitute a degree of aggressiveness

  • @shraddhanjalisoni1161
    @shraddhanjalisoni11616 жыл бұрын

    howard marks is genius

  • @theclashcalling_
    @theclashcalling_7 жыл бұрын

    I was hoping for the Welsh hash smuggler!

  • @ankalaakhilesh7821
    @ankalaakhilesh78215 жыл бұрын

    how is the one who conducted the interview? anyone knows his name pls????

  • @thatguy-cu3iq

    @thatguy-cu3iq

    5 жыл бұрын

    Saurabh Madaan

  • @yakultum
    @yakultum3 жыл бұрын

    Really good

  • @deepak2012able
    @deepak2012able2 жыл бұрын

    Thanks 🙏💯💎

  • @dadcannabis1924
    @dadcannabis19249 жыл бұрын

    the most important thing is change and staying the same

  • @staciarine
    @staciarine2 ай бұрын

    Nowadays is almost impossible to find good securities at fair prices. Everything is just so expensive.

  • @ramnarayan9768
    @ramnarayan97684 жыл бұрын

    Clarity of thoughts

  • @normantingee
    @normantingee4 жыл бұрын

    thank you google and thank you howard mark

  • @youbian
    @youbian6 жыл бұрын

    - You make no money doing the things everybody wants to do / you make money by doing the things nobody wants to do that then turn out to have value.

  • @domtoretto3122
    @domtoretto31222 жыл бұрын

    The most important thing is family

  • @cliffkuo3787
    @cliffkuo37872 жыл бұрын

    somehow I played this video every night

  • @DocworldAcademy
    @DocworldAcademy7 жыл бұрын

    Very Practicle Way to making money on Investment.

  • @getstarted7168
    @getstarted71682 жыл бұрын

    52:52 good question.

  • @guillermocrespo8144
    @guillermocrespo81446 жыл бұрын

    Great

  • @tomlxyz
    @tomlxyz3 жыл бұрын

    Aren't forecasts in economics hard because everyone's forecasts are already priced in?

  • @BARAKDANIELI
    @BARAKDANIELI9 ай бұрын

    ארשום בעברית בכוונה- אמליץ לדוברי העברית ולישראלים להקשיב להרצאות הללו בקשב רב ,מעניינות,מדוייקות ואכן משקפות הרבה מציאות ,ברק דניאלי

  • @JCResDoc94
    @JCResDoc949 жыл бұрын

    16:16 You Can Not Survive On Average

  • @gaulindidier5995
    @gaulindidier59956 жыл бұрын

    Somebody has to find out why people have a propensity to cough more during conferences, shows and gathering involving sitting down...

  • @tomlxyz

    @tomlxyz

    3 жыл бұрын

    I think it has to do with not speaking themselves for a long time

  • @frankmathews1358
    @frankmathews13583 жыл бұрын

    He is really good at explaining finance. #kiss

  • @gertrudesmadrigal4908
    @gertrudesmadrigal4908 Жыл бұрын

    Gosto Kong Pato Nayan sa lahat totoo Ang aking senabi salamat Po Kong mabibih yon ako Ng pag kakataon totolong talaga ako sa nangang ilangam Hinde Pera panalangin sa pag hawak ko sa may sakit gosto Kong makatolong salamat Po totolong Hinde ako Ang nag hak sa iyo god bless yo po

  • @TeriyakiTofu
    @TeriyakiTofu4 жыл бұрын

    its amazing this guy still has a career

  • @---hz3sy

    @---hz3sy

    3 жыл бұрын

    Jesse if you dont like him su

  • @Jacob930321
    @Jacob9303213 жыл бұрын

    45:50 Q&A

  • @gertrudesmadrigal4908
    @gertrudesmadrigal4908 Жыл бұрын

    Salamat Po alam ko Po na Wala akong karapatan dahil mahirap lang ako salamat Po

  • @iceyred6668
    @iceyred6668 Жыл бұрын

    Saraha's Father was Abraham and Saraha's Mother was Sarah //nd.D english zion

  • @josereydabalos185
    @josereydabalos1854 жыл бұрын

    in every light dat are night.in the middle of the night they are many star to eye many one.tomorow is tomorow...

  • @robertwnorrisii9143
    @robertwnorrisii9143 Жыл бұрын

    He's a mean guy that Nassim Taleb. He Blocked me for asking questions about his Maths process. Bummer.

  • @Lenny1337i
    @Lenny1337i3 жыл бұрын

    48:26 this aged sooo well with oil futures for US at -20 Dollars in march haha

  • @dada01ish
    @dada01ish3 жыл бұрын

    9:18 Both sentences mean exactly the same.

  • @jholid6y
    @jholid6y2 жыл бұрын

    Google is probably very uncomfortable when a guy says ‘I don’t know’.

  • @user-bj9sw7bz5g
    @user-bj9sw7bz5g4 жыл бұрын

    34:50

  • @gertrudesmadrigal4908
    @gertrudesmadrigal4908 Жыл бұрын

    Bakit mahirap Ng hindenakapag aral nahkakamali Ikaw Ang inilik ko iba Ang lomabas kala ko Ikaw yon salamat Hinde nakitamakikita Ikaw yong tinitinan ko pag Gabi big la Kang nawala salamat kahit ayaw Mona sa akin nakitakitsoli salamat

  • @josereydabalos185
    @josereydabalos1854 жыл бұрын

    if you study not being to learning becoz study is none of your duty..like you one me..becoz alot of learning is a big problem all are needs becoz you work for everything..but all are desame what are being is you one me_1+1+1=all- one.but the true is 3/tree is many year in one day all harvest in same 1.is all.

  • @cmlon
    @cmlon5 жыл бұрын

    厲害!

  • @haipengli4769
    @haipengli47695 жыл бұрын

    You gotta survive on bad days.

  • @CesarOrille
    @CesarOrille Жыл бұрын

    Thanks Google.

  • @billtomson7514
    @billtomson75145 жыл бұрын

    So is he teaching or selling?

  • @candyfloss184
    @candyfloss1843 жыл бұрын

    Inaudible == Saurabh ( Indian name)

  • @martingenet8799
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    11 min in

  • @gertrudesmadrigal4908
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    Gosto ko pong makatolong Hinde Po ako Ang nang hak sainyo hinahanap ko Po kayo salamat Po god bless you po

  • @waldoalcantara3862
    @waldoalcantara38625 жыл бұрын

    So he believes in an efficient market?

  • @TranDoan_1991
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    39'15

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    @josereydabalos1854 жыл бұрын

    keyfile:1001235857-format=xlsx-output=xlsx.Api_key=3265267457.

  • @TranDoan_1991
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    12'50

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