212 TIP. Billionaire Howard Marks and Credit Cycles

On today’s show, Preston and Stig talk to billionaire, Howard Marks. Mr. Marks has produced a 19% annual return for the past 22 years investing in distressed debt. He has been a money manager for 50 years and is a renown luminary in security analysis.

IN THIS EPISODE, YOU’LL LEARN:
– How Howard Marks invests accordingly to the market cycle
– How Howard Marks can be fully invested, and still be cautious in an overvalued stock market
– How to assess where we are in the market cycle
– What Howard Marks learned from the current cycle we’re in
– Which advice Charlie Munger had for Howard Marks about investing

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