Howard Marks New Interview

[indythinker85]

http://www.zerohedge.com/news/2013-08-24/howard-marks-interviewed-there%E2%80%99s-no-free-market-money-today-and-other-observations

[ASTA]

Thanks for the link.

I like it when he says he is not very emotional regarding investing :D

[kiwing100]

thank you for posting the link.

[giofranchi]

Hugo Scott-Gall: What things in your skill set have served you well?

 

Howard Marks: While knowing financial analysis and accounting is essential, almost

any smart person can acquire those skills and get a rough idea of the merits of a

company. Superior investors are those who understand both fundamentals and

markets and have a better sense for what a given set of merits is worth today and what

it will be worth in the future. I don't think I became less able to do financial analysis

over time, but I engaged much more in understanding and sensing markets and

values: the “big picture”. A lot of my contribution comes from understanding history and

investor behaviour, from inferring what's going on around me, and from controlling my

emotions.

 

giofranchi