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Oaktree’s Howard Marks on Market Valuation, Devil, Gold and how Low Risk with his personal Money
By Investment Moats  •  March 1, 2014
On a day where the market hit a new high, we turn to Howard Marks, chairman of Oaktree Capital (OAK), who I believe is one of the great writers in the wealth management space. Oaktree’s Howard Marks on Market Valuation, Devil, Gold and how Low Risk with his personal Money Marks Brent Lewin Bloom S 640x360 Devil and Angel:
If I ask you what’s the risk in investing, you would answer the risk of losing money. But there actually are two risks in investing: One is to lose money and the other is to miss opportunity. You can eliminate either one, but you can’t eliminate both at the same time. So the question is how you’re going to position yourself versus these two risks: straight down the middle, more aggressive or more defensive. I think of it like a comedy movie where a guy is considering some activity. On his right shoulder is sitting an angel in a white robe. He says: «No, don’t do it! It’s not prudent, it’s not a ...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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