Howard Marks manages ~$190 billion and has penned some of the world's best investment writing. Warren Buffett loves his writing too: "When I see memos from Howard in my mail, they're the first thing I open." Here are 13 key insights from our conversation: 1) For Howard Marks, heaven is seven little words: “I never thought of it that way.” Get the reader to say them and you win. 2) Einstein supposedly said there are four levels of intelligence: bright, brilliant, genius, and simple. Insecure writers try to flaunt their expertise with jargon; secure writers share what they know in surprising yet simple ways. 3) Something about putting words to paper freezes people up. Hence, Howard Marks tries to write as he speaks. Lesson: Take your written voice closer to your conversational voice. You’ll discover a new freshness and speed in your work. 4) Most writing rings hollow. No stories or thought-out principles inside. Howard Marks’ challenge to writers: Have experiences, cultivate convictions, and then your writing will come alive like never before. Thoreau said it best: “How vain it is to sit down to write when you have not stood up to live.” 5) Find your creed. What do you believe in? What do you think will work? What will not work? What are the rules that govern your decisions? People listen intently when you speak from a "principled voice." 6) Be eclectic in your subject matter and sources. Tackle the same point from different angles to create a richer reading experience. For example, in his memos, Howard Marks has explained investing via the prism of gambling, poker, sports, and more. 7) Howard Marks’ knack for analogies has made him one of Warren Buffett’s favorite writers. Takeaway: Come up with more surprising comparisons. Make cross-disciplinary connections. 8) What Howard admires in Buffett’s writing: its accessibility, folksy simplicity, and humor. A great example is Buffett’s description of the 2008 financial crash: “It's only when the tide goes out that we find out who's been swimming naked.” 9) Writing is anti-BS because the reader can keep re-reading until the hole in your logic becomes clear. You will get away with some BS in conversation, but if you want to discover and fix the holes in your ideas, write them down. 10) The old sayings don't get to be old sayings for nothing. A heuristic, story or book that has been around for long probably has something valuable to teach you. 11) The more complex the idea, the simpler your explanation must be. Nietzsche agrees with Howard Marks: “The more abstract the truth you wish to teach, the more you need to seduce the senses to it.” 12) The world is governed by cyclical forces. Even if history doesn't always repeat, it rhymes. This is why old books will teach you as much about the future as the past. 13) Writing prompt: Reconcile two things that seem to be at odds or show the hidden fault lines between two things that seem to be compatible. The reader will feel rewarded. She might even say the seven magical words: “I never thought of it that way.”
Love ❤ your video energy and story/entrepreneurial insights, would like to contact you in the near future to see if we could do a collab to profit from this YT entrepreneurship. Thank you. 🙏 Dan Belsky
Howard's approach to writing is spot-on; simplicity really is key. For entrepreneurs looking to emulate this, remember that clear writing reflects clear thinking, which is essential in business communication. A good practice is to explain your complex business concepts as if you're talking to a friend who has no background in your industry.
He is a great thinker IMO. He ofcourse have the kind of experience in his belt that he able to answers the questions as if he is writing here. Things flows faster from his mind very clearly and vividly. Its a gem of the video to watch - about Life, about Investments, about writing, about success! I will share this podcast with my wife, not all podcasters are same :)
I just came across this UA-cam, and by GOD am I so glad I did. This is THE BEST writing, thinking and life advice on the internet. NO JOKE! So effing amazing. Reminds me of PBS with Bill Moyers :)
Howard approach to making complex financial concepts accessible is truly inspiring! Highlight clarity over complexity not only enhances understanding but also empowers investors to make better decisions. 👍
Really really enjoy listening and reading his material. Very similar to other even keeled men, Buffet, munger, Gates. Great common sense and down to earth guys. Such a treat that I now have the opportunity and privilege to hear their wisdom. Thank you
It’s great to see how he was excited about two different things: first accounting, then writing. Seems like the latter was due to having a great professor.
In this interview Howard Marks emphasis on the point that jargons are used to create barrier between professionals and common people. However, if we look at a broader picture jargons can help complex ideas and logics in conversations without explaining them every time. Which not only is an more efficient method but also reduces an score of misinterpretation.
I feel like you don't give enough time for your questions to develop and for the speaker to give you a deep answer. At 6:38 he's talking about opportunity and seems interested in continuing to talk about it then you ask a completely different question about investment opprtunity. Keep up the hardwork!
I agree -- there was a similar point in the discussion elsewhere, and he wasn't allowed to say more than the briefest thing before being derailed with another question. When you get a great guest like this, just let them deliver - they're great for a reason. Good show, just need to hear a bit more from the guest before changing it up.
Whilst we don’t want to be preoccupied with luck nevertheless it exists And Solomon himself says so. If we are lucky ok that’s good. Let us rejoice in it. But if we are not blessed with much luck that’s ok too. Accept it. Don’t fight it. Go with it. Be content with your destiny. Great luck isn’t necessarily a guarantee of happiness. A sense of well being is the true objective. Ecclesiastes 9:11 “I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all.” King James Version (KJV)
Sometimes it feels like I live under the rock for not knowing such great thinkers of out times. Thanks for shining lights on such wise and articulate man like Howard ❤ Probably going to spend next week reading his memos trying to catch up
- Howard Marks is renowned for his ability to distill complicated ideas into simple, clear messages, attracting a significant audience and managing over $190 billion in assets. - Marks emphasizes the importance of striving for the highest quality output, focusing on clarity and simplicity to make complex concepts accessible. - He believes in the value of writing to convey significant, lasting principles and lessons, rather than focusing on fleeting trends or predictions. - Marks' writing process involves gathering diverse sources of inspiration, making connections, and writing when he feels inspired, rather than adhering to a strict schedule. - He prioritizes logic, clarity, and accessibility in his writing, aiming to make his memos read like spoken language and to challenge readers to learn something new.
Not much more of luck just have been blessed. I remember in the Bible speaks our works will not go in vain, hard work and working smart if you do it long enough the rewards will come.
Billionaires still counting the risk of writing which can benefit others. But because people won't be able to implement it efficiently, so he can write comfortably for personal benefits more. Something is fundamentally wrong.
If you think about the world, there is nothing in your control at all. Go save a fly, hero. Did this reject stroke his ego for 1 hour or what? Hilarious realm
Howard Marks manages ~$190 billion and has penned some of the world's best investment writing.
Warren Buffett loves his writing too: "When I see memos from Howard in my mail, they're the first thing I open."
Here are 13 key insights from our conversation:
1) For Howard Marks, heaven is seven little words: “I never thought of it that way.” Get the reader to say them and you win.
2) Einstein supposedly said there are four levels of intelligence: bright, brilliant, genius, and simple. Insecure writers try to flaunt their expertise with jargon; secure writers share what they know in surprising yet simple ways.
3) Something about putting words to paper freezes people up. Hence, Howard Marks tries to write as he speaks. Lesson: Take your written voice closer to your conversational voice. You’ll discover a new freshness and speed in your work.
4) Most writing rings hollow. No stories or thought-out principles inside. Howard Marks’ challenge to writers: Have experiences, cultivate convictions, and then your writing will come alive like never before. Thoreau said it best: “How vain it is to sit down to write when you have not stood up to live.”
5) Find your creed. What do you believe in? What do you think will work? What will not work? What are the rules that govern your decisions? People listen intently when you speak from a "principled voice."
6) Be eclectic in your subject matter and sources. Tackle the same point from different angles to create a richer reading experience. For example, in his memos, Howard Marks has explained investing via the prism of gambling, poker, sports, and more.
7) Howard Marks’ knack for analogies has made him one of Warren Buffett’s favorite writers. Takeaway: Come up with more surprising comparisons. Make cross-disciplinary connections.
8) What Howard admires in Buffett’s writing: its accessibility, folksy simplicity, and humor. A great example is Buffett’s description of the 2008 financial crash: “It's only when the tide goes out that we find out who's been swimming naked.”
9) Writing is anti-BS because the reader can keep re-reading until the hole in your logic becomes clear. You will get away with some BS in conversation, but if you want to discover and fix the holes in your ideas, write them down.
10) The old sayings don't get to be old sayings for nothing. A heuristic, story or book that has been around for long probably has something valuable to teach you.
11) The more complex the idea, the simpler your explanation must be. Nietzsche agrees with Howard Marks: “The more abstract the truth you wish to teach, the more you need to seduce the senses to it.”
12) The world is governed by cyclical forces. Even if history doesn't always repeat, it rhymes. This is why old books will teach you as much about the future as the past.
13) Writing prompt: Reconcile two things that seem to be at odds or show the hidden fault lines between two things that seem to be compatible. The reader will feel rewarded. She might even say the seven magical words: “I never thought of it that way.”
Love ❤ your video energy and story/entrepreneurial insights, would like to contact you in the near future to see if we could do a collab to profit from this YT entrepreneurship. Thank you. 🙏 Dan Belsky
Thank you for this video of how Howard Marks manages $190 billion.
😂.m
"She"
lol Marxist
Howard's approach to writing is spot-on; simplicity really is key. For entrepreneurs looking to emulate this, remember that clear writing reflects clear thinking, which is essential in business communication. A good practice is to explain your complex business concepts as if you're talking to a friend who has no background in your industry.
The elevator pitch ...
Love it!
"You can stay young and alive, if you're still growing." great line Howard.
SO excited for this one. Huge fan of Howard Marks and How I Write. To see the two together is a dream come true
I appreciate how you break down complicated ideas.
I’ve watch many an interviews by Marks and read both of his books. This is perhaps one of my favorite sit downs.
He is a great thinker IMO. He ofcourse have the kind of experience in his belt that he able to answers the questions as if he is writing here. Things flows faster from his mind very clearly and vividly.
Its a gem of the video to watch - about Life, about Investments, about writing, about success!
I will share this podcast with my wife, not all podcasters are same :)
I just came across this UA-cam, and by GOD am I so glad I did. This is THE BEST writing, thinking and life advice on the internet. NO JOKE! So effing amazing. Reminds me of PBS with Bill Moyers :)
Howard approach to making complex financial concepts accessible is truly inspiring! Highlight clarity over complexity not only enhances understanding but also empowers investors to make better decisions. 👍
Love the memos and his books. I would recommend anyone to read them. Exceptional writer and thought leader in finance.
Thanks for doing this interview. I hadn’t heard of Marks before, but now I’m invested in getting one of his books
🌼🌼Wonderful conversation🌼🌼in which🌼🌼Marks reveals🌼🌼his inspiring background 🌼🌼Thanks🌼 19:18
Wonderful interview.. it is always a joy to listen to Howard Marks.. thank you for doing this.
Great interview! I haven't heard of Howard before, but his wisdom on writing was eye opening
I love how simple you make complicated ideas!
Omg your guests are freaking mind blowing
Truth
We have some fun ones coming up too. Interviewing Sam Altman next week.
@@DavidPerellChannelwhere
@@DavidPerellChannelwhen is the video coming?
A huge thank you for the great content. Your videos always inspire and inform. Keep up the amazing work! 👏
Love his comment - the first guy who reached me out after publishing notes was from Russia
“Opportunities are not equally distributed”. Bravo!
Really really enjoy listening and reading his material. Very similar to other even keeled men, Buffet, munger, Gates. Great common sense and down to earth guys. Such a treat that I now have the opportunity and privilege to hear their wisdom. Thank you
It’s great to see how he was excited about two different things: first accounting, then writing. Seems like the latter was due to having a great professor.
In a word: Legend!
I really enjoy his thinking, so generous.
Wow! I read both of his books!
In this interview Howard Marks emphasis on the point that jargons are used to create barrier between professionals and common people. However, if we look at a broader picture jargons can help complex ideas and logics in conversations without explaining them every time. Which not only is an more efficient method but also reduces an score of misinterpretation.
I feel like you don't give enough time for your questions to develop and for the speaker to give you a deep answer. At 6:38 he's talking about opportunity and seems interested in continuing to talk about it then you ask a completely different question about investment opprtunity. Keep up the hardwork!
I agree -- there was a similar point in the discussion elsewhere, and he wasn't allowed to say more than the briefest thing before being derailed with another question. When you get a great guest like this, just let them deliver - they're great for a reason. Good show, just need to hear a bit more from the guest before changing it up.
perfect paragraph is when there is no word left you can remove from your paragraph
He just basically said, I'll tell you how to do it and you still can't do it.
So basically it’s like running like usain or playing like Messi we will never be that good
😂
Not can't do it but that most will not take the actions to apply what he taught
In 20 years ...😊
... he might be able to do it [when he has something to say with substance]
Outstanding interview, a must listen for all writers, especially financial writers!
19:48 till 20:04 - this is magic.
From accounting to Japanese.
Thank you for this gem of a conversation
howard dresses like an artist - he could easily be on stage playing synths for LCD soundsystem
He has a striking resemblance to Dimitri Shostakovich, a Russian classical music composer.
This podcast was digital treasure this man speaks words into gold and diamonds
Just saying what's up to all the early folks who have notifications turned on for this genius series
Hah! Thank you
The best part of managing other people’s money! When you lose! You lose other people’s money! Never your own
and you might not know who they are, if they exist at all 😂
You lose fees and carry when you lose their money.
That’s a very cynical way of looking at things. Keep doing that you’ll find yourself on the streets no one will fuck with you.
Howard Marks is the most underrated investor of our time
Great interview, not least because of the interviewer.
Whilst we don’t want to be preoccupied with luck nevertheless it exists And Solomon himself says so. If we are lucky ok that’s good. Let us rejoice in it. But if we are not blessed with much luck that’s ok too. Accept it. Don’t fight it. Go with it. Be content with your destiny. Great luck isn’t necessarily a guarantee of happiness. A sense of well being is the true objective.
Ecclesiastes 9:11
“I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all.”
King James Version (KJV)
Sooo excited for this!
You are a great interviewer, David.
Fantastic interview. Thanks!
Glory to God For this Amazing Conversation Sir David Perell with Sir Howard ❤❤❤❤❤❤❤❤...More God's Blessings and Favor To Of you and your family..😊🙏💕👍
Sometimes it feels like I live under the rock for not knowing such great thinkers of out times. Thanks for shining lights on such wise and articulate man like Howard ❤ Probably going to spend next week reading his memos trying to catch up
- Howard Marks is renowned for his ability to distill complicated ideas into simple, clear messages, attracting a significant audience and managing over $190 billion in assets.
- Marks emphasizes the importance of striving for the highest quality output, focusing on clarity and simplicity to make complex concepts accessible.
- He believes in the value of writing to convey significant, lasting principles and lessons, rather than focusing on fleeting trends or predictions.
- Marks' writing process involves gathering diverse sources of inspiration, making connections, and writing when he feels inspired, rather than adhering to a strict schedule.
- He prioritizes logic, clarity, and accessibility in his writing, aiming to make his memos read like spoken language and to challenge readers to learn something new.
Not much more of luck just have been blessed. I remember in the Bible speaks our works will not go in vain, hard work and working smart if you do it long enough the rewards will come.
Glad that I found this channel.
Excellent content, although a bit too many ads in the beginning. In the end its worth it.
Great video ❤
Incredible prodigious talent
Thanks,Sir!
Oh God! I had just caught a huge fright when he said "Amen" at the beginning! I thought he said "Hey man" ... ))) to this man!!
Pure gold
Interesting information.......
Thanks 😊 more....
I'm certainly simple. Now if I could just express that more brilliantly. Haha.
Where are his memos posted please
nice interview, so deep yet still simple
Noted, next books will by Marks'.
If the market crashes, what is your idea... What are your assets values....!!!!! Such a risk how you cover... any idea....
AMAZING TRUTH!
He knows about lLeft brain vs. Right brain.
Didn’t catch where I can subscribe to his Memos. Thanks!
Ideas that pay off.
Great wisdom disguised as 'how I write'. Should be transcribed and published
❤
full of wisdom talking !
I wonder what he thinks of Jack Welsh, the former CEO of General Electric ?
This podcast give me "AHH"!
I love Howard Marks clarity. Thanks @DavidPerellChannel for interviewing him on a subject that he’s not typically interviewed about! /G
Howard is amazing, the host dude is a doofus 😂
This is the kind of Marksism I can get behind.
Lam Westwood AWA
Maybe Marks is onto something, but isn't simplifying complex ideas just dumbing down for the masses?
Billionaires still counting the risk of writing which can benefit others. But because people won't be able to implement it efficiently, so he can write comfortably for personal benefits more.
Something is fundamentally wrong.
I sure believe in luck, too
I prefer a genuine, non-performative interview style, with productive dialog.
If you think about the world, there is nothing in your control at all.
Go save a fly, hero.
Did this reject stroke his ego for 1 hour or what?
Hilarious realm
Harward marks writes memos with intuition,
if its so clear and simple why do you need a hour to explain it lol
this guy😅
You people just never give up...
Check your email oak tree.
Mari keemat or Hindustan ki keemat nahi lga sakte maney
I’ve watch many an interviews by Marks and read both of his books. This is perhaps one of my favorite sit downs.