One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing €200 per month can compound to tremendous wealth over decades. The key is to keep going!!
People often don't realize how important financial advisors are. Data from the last 50 years shows that people who work with CFAs usually earn more than those who don't. I've worked with a Adviser for 7 years, and now I have a $2 million portfolio.
I've stuck with ''Julianne Iwersen Niemann" for some years now, and her performance has been consistently impressive. She's quite known in her field, look her up.
They're various investment strategies. Follow the S&P 500 by investing in ETFs like VOO, SPY, and SCHD. Dollar-cost averaging into these ETFs will likely outperform most investors.
Acquiring prospective assets with proper mkt direction will provide more returns than doing it all by yourself. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $1.3m grow by 25% this year alone... maybe you should do the same.
Jennifer Leigh Hickman is the advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Intrinsic valuations aren't stronger than cultural perception's effect on stock price and trends in a growing and optimistic economy. Ex: Costco, Intuit, FICO, Tesla, etc. Did this guy go "all in" during the pandemic?
Howard Marc is a genius, let’s be honest he’s dead wrong that what you buy has nothing to do with your returns. Buying well is precisely what buffet learned to be the most important thing. There is a plethora of data to back this fact up. Additionally, like all things it’s a balance.
Hi. Thanks for sharing your thoughts and quoting WB. Indeed, Warren Buffett learned from Benjamin Graham the importance of value investing and buying "cheap" stock. However, to scale up, he soon learned from Charlie Munger "to stop buying companies just because they are cheap, but instead, focus on buying wonderful businesses at fair prices". Both approaches are valuable based on your risk profile and investment style. Going back to Howard Marks, it is crucial to remember Howard Marks invests in bonds, not stocks. His business is distressed debt, junk bonds, etc. So, he focuses on "cheap" deals with high returns. It is not necessarily the average bread and butter of a retail investor.
It is very difficult to understand economics. All i understand about trading is :- Choose a very few fundamentally growth and consistantly profit making stocks of companies. Wait patiently for the price to fall....Buy. And once the stock price zooms...sell. Repeat...
Hi. Thanks for sharing these notes. Depending on individual risk profiles, complementary practices could include using (1) DCA (dollar cost averaging) to avoid the risk and stress of solely relying on market timing and (2) a certain level of diversification, not only focusing on growth stocks. Again, different schools of thought are based on each character and life´s path.
I wonder if with development of AI that knows about all, that all this would have any relevance. Simply because more and more buy/sell decisions will be made by emotionless “brain” hence less and less volatility.
HI. thanks for the great point. We already have algorithms to buy and sell based on quantitative metrics. AI is powerful and will be widely used by financial firms. However, "the human sentiment", and the "irrational exuberance" will still be part of the market mix. Prices will always include a degree of pessimism or optimism because we buy and sell not only based on current conditions but future expectations. When I hear that investing is more an art than a science, I can hardly disagree. Enjoy your investment journey.
@@SweatYourAssets yes so a lot of words but nothing that we don’t already know. I guess I was expecting some great product or group of products like buffer ETFs or something.
@@missouri6014 By his own choice, Howard Marks presents high-level concepts in his 2 books and MEMOs. While he is super popular and respected, you either like it or not, based on what you are looking for. That makes total sense. For practical details on HOW to manage risk, there are several "easy" methods, but again, it really depends on your risk appetite, timeline, your financial goals, and the investments you plan to use (real Estate, Crypto, Index). I am sure you will find what you are looking for. All the best.
I feel you. I took some notes from his book titled "Mastering the Market Cycles", where he goes deeper on the subject: sweatyourassets.biz/mastering-market-cycles-by-howard-marks/
You can download the PPT for free on my blog page: sweatyourassets.biz/freebies/
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing €200 per month can compound to tremendous wealth over decades. The key is to keep going!!
People often don't realize how important financial advisors are. Data from the last 50 years shows that people who work with CFAs usually earn more than those who don't. I've worked with a Adviser for 7 years, and now I have a $2 million portfolio.
This is definitely considerable! think you could suggest any cfa I can get on the phone with? l'm in dire need of proper portfolio allocation.
I've stuck with ''Julianne Iwersen Niemann" for some years now, and her performance has been consistently impressive. She's quite known in her field, look her up.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks.!
Bots pathetic bots
Howard Marks is a gem of an investor.
Howard Marks, quoting Mark Twain: It is not what you don't know that gets you into trouble. It is what you know for certain that just ain't so.
Absolutely right
M
Amazing and insightful lecture. Worth every second spent listening it.
Thanks for your positive feedback.
Thank you Howard for your wisdom and to this site for uploading. Every slide is important. To be watched and rewatched ad-infinitum. Wisdom distilled.
Very good video
Howard Marks is one of the great investor Maestros.👍
Definitely a great distillation of his best stuff.
Very good stuff!
Truly a master class
Simplest ideas are hardest to understand.
Hello, I wish to start investing but i dont know where to begin. Any advice on how to invest my 200k cash savings?
Find the undervalued stocks to bring in a 50 percent annual return or consult with an expert to guide you.
They're various investment strategies. Follow the S&P 500 by investing in ETFs like VOO, SPY, and SCHD. Dollar-cost averaging into these ETFs will likely outperform most investors.
Acquiring prospective assets with proper mkt direction will provide more returns than doing it all by yourself. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $1.3m grow by 25% this year alone... maybe you should do the same.
@@gregorywhem I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
Jennifer Leigh Hickman is the advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Good job!
Thanks!
Wow great video keep it up
thank you for the warm support!
Amazing lecture. Nice summary for those who have read his books or for those who haven’t. Do we know the date when this was presented by Mr. Marks?
Hi Ivan, thanks for the positive feedback. The lecture was presented in 2019.
Great information!
I need to work just on living in the now present!
What year was this recorded?
2019.
Is there a way to download these slides?
Download the PPT used in the RUclips Video here: sweatyourassets.biz/freebies/
Intrinsic valuations aren't stronger than cultural perception's effect on stock price and trends in a growing and optimistic economy. Ex: Costco, Intuit, FICO, Tesla, etc. Did this guy go "all in" during the pandemic?
When is this from?
2019.
Howard Marc is a genius, let’s be honest he’s dead wrong that what you buy has nothing to do with your returns. Buying well is precisely what buffet learned to be the most important thing. There is a plethora of data to back this fact up.
Additionally, like all things it’s a balance.
Hi. Thanks for sharing your thoughts and quoting WB. Indeed, Warren Buffett learned from Benjamin Graham the importance of value investing and buying "cheap" stock. However, to scale up, he soon learned from Charlie Munger "to stop buying companies just because they are cheap, but instead, focus on buying wonderful businesses at fair prices". Both approaches are valuable based on your risk profile and investment style. Going back to Howard Marks, it is crucial to remember Howard Marks invests in bonds, not stocks. His business is distressed debt, junk bonds, etc. So, he focuses on "cheap" deals with high returns. It is not necessarily the average bread and butter of a retail investor.
It is very difficult to understand economics. All i understand about trading is :-
Choose a very few fundamentally growth and consistantly profit making stocks of companies.
Wait patiently for the price to fall....Buy.
And once the stock price zooms...sell.
Repeat...
Hi. Thanks for sharing these notes. Depending on individual risk profiles, complementary practices could include using (1) DCA (dollar cost averaging) to avoid the risk and stress of solely relying on market timing and (2) a certain level of diversification, not only focusing on growth stocks. Again, different schools of thought are based on each character and life´s path.
I wonder if with development of AI that knows about all, that all this would have any relevance. Simply because more and more buy/sell decisions will be made by emotionless “brain” hence less and less volatility.
HI. thanks for the great point. We already have algorithms to buy and sell based on quantitative metrics. AI is powerful and will be widely used by financial firms. However, "the human sentiment", and the "irrational exuberance" will still be part of the market mix. Prices will always include a degree of pessimism or optimism because we buy and sell not only based on current conditions but future expectations. When I hear that investing is more an art than a science, I can hardly disagree. Enjoy your investment journey.
Garcia Dorothy Moore Frank Rodriguez Angela
Why are all the comments so positive when this guy says nothing
Of course you have to manage risk
Notice he doesn’t even say how
Hi. Feel free to check this short video on Howard Marks's take on Risk: ruclips.net/video/qLS2Krk1oYg/видео.htmlsi=cr5uXQIZ3vB07gyw
@@SweatYourAssets yes so a lot of words but nothing that we don’t already know. I guess I was expecting some great product or group of products like buffer ETFs or something.
@@missouri6014 By his own choice, Howard Marks presents high-level concepts in his 2 books and MEMOs. While he is super popular and respected, you either like it or not, based on what you are looking for. That makes total sense. For practical details on HOW to manage risk, there are several "easy" methods, but again, it really depends on your risk appetite, timeline, your financial goals, and the investments you plan to use (real Estate, Crypto, Index). I am sure you will find what you are looking for. All the best.
werid, he keep trying to time the market while keep telling people they shouldn't.
I feel you. I took some notes from his book titled "Mastering the Market Cycles", where he goes deeper on the subject: sweatyourassets.biz/mastering-market-cycles-by-howard-marks/