12 Books recommended by Howard Marks

The Warren Buffett Way
Author :Robert G. Hagstrom

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

Against the Gods
The Remarkable Story of Risk
Author :Peter L. Bernstein

"So good." - Howard Marks [Source]

Principles
Life and Work
Author :Ray Dalio

"I think the guiding quote of the book is [one] from Mark Twain, 'History does not repeat, but it does rhyme.'" - Howard Marks [Source]
Also Recommended by

Wealth of Wisdom
The Top 50 Questions Wealthy Families Ask
Author :Tom McCullough

"I recommend." - Howard Marks [Source]

The Psychology of Money
Timeless Lessons on Wealth, Greed, and Happiness
Author :Morgan Housel

"[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
Author :John Kenneth Galbraith

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

Bringing Down the House
The Inside Story of Six M.I.T. Students Who Took Vegas for Millions
Author :Ben Mezrich

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

Fooled by Randomness
The Hidden Role of Chance in Life and in the Markets
Author :Nassim Taleb

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

The Little Book of Investing Like the Pros
Five Steps for Picking Stocks
Author :Joshua Pearl

"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
Ten Reasons We're Wrong About the World - and Why Things Are Better Than You Think
Author :Hans Rosling

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

Thinking in Bets
Making Smarter Decisions When You Don't Have All the Facts
Author :Annie Duke

"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
Timeless Strategies for Successful Investing
Author :Charles Ellis

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.
Q2: How does Howard Marks choose which books to recommend?
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.
Q3: Could you recommend some of Howard Marks' favorite books on investing and finance?
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.
Q4: How often does Howard Marks provide book recommendations?
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.
Q5: What is Oaktree Capital's investment philosophy, and how does Howard Marks contribute to it?
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.