Howard Marks’ seven lessons for investors
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I read Howard Marks’ “The Most Important Thing” last year and it really resonated with me. Lots of books teach you how to 'do' investing, but Marks teaches how to think about investing. One of the key messages that’s stuck with me has been that achieving outperformance isn’t easy; it requires hard work, and exceptional insight. Another ‘important thing’ worth remembering is that higher risk does not always equal higher returns – otherwise it wouldn’t be higher risk. Marks presents an alternative version of the familiar risk/reward chart that better reflects the potential outcomes as investors move up the risk scale – a timely reminder for those ‘hunting for yield’ in riskier asset classes. David Buckland, CEO of Montgomery Investment Management recently re-read Marks’ book following the Hearts and Minds conference and summarised seven of the key points here: (VIEW LINK)
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Patrick is the Managing Editor (Editorial) at Livewire Markets, returning to the team after a four year hiatus. His focus is on editorial strategy, development, and of course, he still loves to write, host, and present when the opportunity arises.
Patrick was a Market Analyst, Editor, Senior Editor, and Managing Editor at Livewire Markets between 2015 and 2022. He was the Content Director and a member of the Investment Strategy & Research Group at Betashares between 2022 and 2024. He's also a Contributing Writer to Mining.com.au and Director of PLP Finance Media. He is an expert on listed products, commodities, and investment strategy, with a particular interest in gold and uranium.
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Patrick is the Managing Editor (Editorial) at Livewire Markets, returning to the team after a four year hiatus. His focus is on editorial strategy, development, and of course, he still loves to write, host, and present when the opportunity arises....
Expertise
Patrick is the Managing Editor (Editorial) at Livewire Markets, returning to the team after a four year hiatus. His focus is on editorial strategy, development, and of course, he still loves to write, host, and present when the opportunity arises....
Expertise
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