Howard Marks co-founded Oaktree Capital Management in 1995 and built it into one of the world's largest alternative investment firms. He is widely respected for his disciplined approach to investing and his ability to identify market cycles. His annual client memos are considered essential reading in the investment world.
12 Books Recommended by Howard Marks
Ranked by popularity across all reading lists on this site
Principles
27 people recommendedI think the guiding quote of the book is [one] from Mark Twain, 'History does not repeat, but it does rhyme.'
Also recommended by: Gary Vaynerchuk, Naval Ravikant, Eric Jorgenson, Mark Cuban, Bill Gates, Drew Houston, Dustin Moskovitz, Jack Dorsey, Kevin Systrom, Marc Benioff, Michael Bloomberg, Reed Hastings, Arianna Huffington, Ben Greenfield, Bryan Johnson, Austen Allred, Diddy, Doug Mcmillon, James Clear, Lex Fridman, Marty Cagan, Patrick Oshaughnessy, Tim Ferriss, Tom Bilyeu, Tony Robbins, Derek Sivers
Thinking in Bets
10 people recommendedSo many of [the author's] thoughts on poker and on decision-making in general agreed with mine.
Also recommended by: Marc Andreessen, Danny Miranda, Jason Fried, Mark Manson, Max Levchin, Michael Mauboussin, Mike Maples Jr, Seth Godin, Derek Sivers
Fooled by Randomness
9 people recommendedReally about how much randomness there is in our world.
Also recommended by: Naval Ravikant, Ev Williams, Art De Vany, James Altucher, James Clear, Nick Kokonas, Ryan Shea, Derek Sivers
The Psychology of Money
9 people recommended[The author]βs observations often hit the daily double: they say things that havenβt been said before, and they make sense.
Also recommended by: Ankur Warikoo, Eric Jorgenson, Anthony Pompliano, Blake Randall, Brad Feld, Daniel Pink, Michael Mauboussin, Derek Sivers
Factfulness
7 people recommendedUnmasks a lot of misperceptions that people have about the state of the world.
Also recommended by: Raj Shamani, Bill Gates, Barack Obama, Melinda Gates, Jordan Peterson, Michael Batnick
Against the Gods
3 people recommendedSo good.
Also recommended by: Michael Mauboussin, Patrick Oshaughnessy
The Warren Buffett Way
3 people recommendedI was asked to write the foreword for the latest edition.
Also recommended by: Carlos Slim, Bill Ackman
The Little Book of Investing Like the Pros
Simply put, I have never before seen a book that provides the same complete and thoughtful orientation to the process of investing.
Howard Marks referenced this book in a "Knowledge@Wharton" interview.
