Howard Marks: how I make money while you worry about a market crash
About this episode
- Episode 841: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to legendary investor Howard Marks about AI and making decisions in the face of fear and uncertainty.
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Show Notes:
(0:00) AI Hurtles Ahead
(8:26) second level thinking
(10:21) investing through the end of the world
(14:47) raising $11B at a time of crisis
(17:54) investing with fear
(20:22) the key to a successful partnership
(25:01) being a good father
(27:37) only 1 success: to live your life your way
(34:17) Having lunch with Warren Buffett
(37:18) What people don't know about Buffett
(39:37) cigar butt investing
(41:35) recommended reading
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Links:
- • AI Hurtles Ahead - https://www.oaktreecapital.com/insights/memo/ai-hurtles-ahead
- • A Short History of Financial Euphoria - https://www.amazon.com/History-Financial-Euphoria-Penguin-Business/dp/0140238565
- • Fooled by Randomness - https://www.amazon.com/Fooled-Randomness-Hidden-Markets-Incerto/dp/0812975219
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Check Out Sam's Stuff:
- • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm
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Check Out Shaan's Stuff:
- • Shaan's weekly email - https://www.shaanpuri.com
- • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Shaan uses Mercury for banking across all of his companies. you can too
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /