Published on Jul 10, 2013
Speaker: Howard Marks, Chairman, Oaktree Capital Management
Interviewer: Michael Milken, Chairman, Milken Institute
When
an investor tells you, "This time is different," says Howard Marks,
take caution. "These four words should strike fear - and perhaps suggest
an opportunity for profit - for anyone who understands the past and
knows it repeats." Indeed, Marks warns that failing to heed the lessons
of history "is what dooms investors to being victimized repeatedly by
cycles of boom and bust." Such straightforward advice, compiled in his
book "The Most Important Thing," as well as his prescient investing have
made Marks an industry legend. Join Institute Chairman Mike Milken (who
also often notes that history repeats itself) as he welcomes Marks for a
discussion on the current economic climate, ways to think about and
gauge risk, the crucial importance of research and analysis, and lessons
learned over the course of a long and successful investing career.
Interviewer: Michael Milken, Chairman, Milken Institute
When
an investor tells you, "This time is different," says Howard Marks,
take caution. "These four words should strike fear - and perhaps suggest
an opportunity for profit - for anyone who understands the past and
knows it repeats." Indeed, Marks warns that failing to heed the lessons
of history "is what dooms investors to being victimized repeatedly by
cycles of boom and bust." Such straightforward advice, compiled in his
book "The Most Important Thing," as well as his prescient investing have
made Marks an industry legend. Join Institute Chairman Mike Milken (who
also often notes that history repeats itself) as he welcomes Marks for a
discussion on the current economic climate, ways to think about and
gauge risk, the crucial importance of research and analysis, and lessons
learned over the course of a long and successful investing career.
Category Nonprofits + Activism
License - Standard YouTube License
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