A interview and Q&A with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this lecture, Howard discusses his investment philosophy and how he finds a company’s intrinsic value. Howard also talks about how to manage risk and when the market will produce the greatest returns. ???? Books by Howard Marks and his favourite books are located at the bottom of the description❗

Like if you enjoyed
Subscribe for more:http://bit.ly/InvestorsArchive
Follow us on twitter:http://bit.ly/TwitterIA

Other great Value Investor videos:⬇

Joel Greenblatt: Value Investing for Small Investors:http://bit.ly/JGreenblattVid

Seth Klarman on Value Investing, Investment Strategies and Advice for Success:http://bit.ly/SKVid

Billionaire Prem Watsa: Value Investing Philosophy and Strategy: http://bit.ly/PWVid1

Video Segments:
0:00 Introduction
0:55 Investment philosophy
3:35 What principles do you use when searching for opportunities?
17:12 What kinds of information on securities do you need?
21:09 What kind of investor rationalities do you use?
33:13 What periods lead to greater or lesser returns?
44:16 How do you define and estimate value?
48:52 Factoring all the various elements of an investment?
56:48 Market prices vs intrinsic value?
1:06:57 How do you define and manage risk?
1:12:06 Asset allocation?
1:19:19 Start of Q&A
1:19:28 Outlook on Japan’s bond market?
1:23:40 Role of rating agencies in investment decisions in distressed debt?
1:28:06 Are you a participant in municipal bankruptcies?
1:32:11 Opportunities in power sector?
1:33:18 When a deal did not go your way?
1:36:22 IRR?
1:38:19 The most important thing?

Howard Marks Books ???????????? (affiliate link)
The Most Important Thing:http://bit.ly/MostImportantThingHM
Mastering The Market Cycle: http://bit.ly/MasteringTheMarketCycle

Howard Marks Favourite Books????
Winning the Loser’s Game:http://bit.ly/WinningTheLosersGame
A Short History of Financial Euphoria:http://bit.ly/FinancialEuphoria
Fooled by Randomness:http://bit.ly/FooledByRandomnessHM

Interview Date: 14th February, 2013
Original Image Source:http://bit.ly/HMarksPic9

Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place.

For more check out the channel.

Remember to subscribe, share, comment and like!

No advertising.