Category: Prime Reading Notes

[Notes] Howard Marks on the Illusion of Knowledge

[Notes] Howard Marks on the Illusion of Knowledge

Howard Marks, co-chairman of Oaktree Capital Management, recently published his latest memo titled The Illusion of Knowledge, where he not only questioned the value of macro forecasts, but also explained why creating profitable forecasts is so difficult.  He makes it clear that forecasting mostly provides the illusion of knowledge.  He argues that investors are better off accepting […]

The post [Notes] Howard Marks on the Illusion of Knowledge appeared first on Safal Niveshak.

[Notes] Howard Marks on Risk, Uncertainty, and the Importance of Humility in Investing

[Notes] Howard Marks on Risk, Uncertainty, and the Importance of Humility in Investing

Howard Marks, co-chairman of Oaktree Capital Management, recently shared at a Goldman Sachs forum his investment philosophy and the art of assessing risk and identifying investment opportunities. Here are my notes from the interview.

The post [Notes] Howard Marks on Risk, Uncertainty, and the Importance of Humility in Investing appeared first on Safal Niveshak.