Howard Marks On Successful Investing: Find The Strategy That Fits Who You Are | Exploring Markets

Howard Marks On Successful Investing: Find The Strategy That Fits Who You Are

Howard Marks has advice for anyone looking to master the world of investing. Here it is:

1. Have an approach.
2. Build it up over years of practice.
3. Hold it strongly and be willing to hold. Nothing works in every stage of the market or each cycle.
4. Most importantly, you need to find a strategy that fits who you are. 

In this interview, Howard Marks explains what it means to be a good investor. His last point is essential: that he's probably better at sealing off the downside than finding the upside. Which is why he says he could have never built a fund in Silicon Valley. He's not a dreamer or a futurist.

The key here: he acknowledges who he is and invests in a way that fits this.