A fantastic discussion about Risk... by Howard Marks of Oaktree Capital, one of the great investors of our age.
Strong recommend.
Discussion
Amazing, thank you very much!
Great recommendation
Incredibly succinct and clear — a true masterclass of how to think about risk. Thanks for sharing.
Thanks, that was a great explainer of risk for a pleb!
I wonder what Mr. Marks would think about my 100% BTC allocation.
Very good. 🎯
Volatility should not be a measure of Risk.
Nice read. When you wrote for the motley fool, did you ever meet David Gardner? I was a subscriber to the MF stock picking service for a very long time until I found btc.
MFs questionable marketing aside, one of the most under rated investors imo.
Unsurprised you read Marks’s content.
He’s the man. His memo a month or so ago that talked about discouraging the use of definitives (always, never etc) in markets was such a good read.
We can prepare for a variety of outcomes, and some are more likely than others but markets are probabilistic - they often (not always surprise us!