Howard Marks

12 Howard Marks Recommended Books

Howard Marks is a British investor, author, and entrepreneur. He is the co-founder of Oaktree Capital Management, a global investment management firm. He is widely known for his investment newsletter, the “Memos from Howard Marks”. He has written several books on investing, including The Most Important Thing and Mastering the Market Cycle. He is an advocate of value investing and has been an inspiration to many investors.

12 Books recommended by Howard Marks

The Warren Buffett Way

The Warren Buffett Way

Author :Robert G. Hagstrom

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"I was asked to write the foreword for the latest edition." - Howard Marks [Source]

Against the Gods

Against the Gods

The Remarkable Story of Risk

Author :Peter L. Bernstein

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"So good." - Howard Marks [Source]

Wealth of Wisdom

Wealth of Wisdom

The Top 50 Questions Wealthy Families Ask

Author :Tom McCullough

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"I recommend." - Howard Marks [Source]

The Psychology of Money

The Psychology of Money

Timeless Lessons on Wealth, Greed, and Happiness

Author :Morgan Housel

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"[The author]’s observations often hit the daily double: they say things that haven’t been said before, and they make sense." - Howard Marks [Source]

A Short History of Financial Euphoria

A Short History of Financial Euphoria

Author :John Kenneth Galbraith

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"Has been very inspirational for me." - Howard Marks [Source]

Bringing Down the House

Bringing Down the House

The Inside Story of Six M.I.T. Students Who Took Vegas for Millions

Author :Ben Mezrich

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Howard Marks has this book on his shelf. [Source]

Fooled by Randomness

Fooled by Randomness

The Hidden Role of Chance in Life and in the Markets

Author :Nassim Taleb

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"Really about how much randomness there is in our world." - Howard Marks [Source]

The Little Book of Investing Like the Pros

The Little Book of Investing Like the Pros

Five Steps for Picking Stocks

Author :Joshua Pearl

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"Simply put, I have never before seen a book that provides the same complete and thoughtful orientation to the process of investing." - Howard Marks [Source]

Factfulness

Factfulness

Ten Reasons We're Wrong About the World - and Why Things Are Better Than You Think

Author :Hans Rosling

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"Unmasks a lot of misperceptions that people have about the state of the world." - Howard Marks [Source]

Thinking in Bets

Thinking in Bets

Making Smarter Decisions When You Don't Have All the Facts

Author :Annie Duke

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"So many of [the author's] thoughts on poker and on decision-making in general agreed with mine." - Howard Marks [Source]

Winning the Loser's Game

Winning the Loser's Game

Timeless Strategies for Successful Investing

Author :Charles Ellis

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Howard Marks referenced this book in a "Knowledge@Wharton" interview. [Source]

FAQs

Q1: What books does Howard Marks recommend?

Howard Marks recommends several books including but not limited to The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor, Extraordinary Popular Delusions and the Madness of Crowds, You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits, and The Warren Buffett Way.

Howard Marks carefully evaluates the content of each book he recommends. He looks for books that contain insightful information and encourage investors to employ thoughtful analysis.

Howard Marks has recommended 'Security Analysis' by Benjamin Graham and David Dodd, 'The Warren Buffett Way' by Robert G. Hagstrom, and 'Market Wizards' by Jack D. Schwager as valuable reads for investors.

Howard Marks updates his recommendation list periodically, usually several times a year. Additionally, he may also provide recommendations on other mediums such as his blog or video lectures.

Oaktree Capital focuses on distressed debt and value investing. Howard Marks' expertise in risk assessment and macroeconomic analysis plays a vital role in shaping the firm's investment strategies.