The Memo: Political Reality

In his memo, Howard Marks examines the oxymoron "Political Reality."

Howard Marks

Behind the Memo - What Really Matters?

In the latest episode of Behind the Memo, Howard discusses his most recent memo, What Really Matters?, , and looks back on a year of memo-writing.

Behind the Memo - I Beg to Differ

In the latest episode of Behind the Memo, Howard discusses his recent memo, I Beg to Differ.

The Memo: Expert Opinion

In his memo, Howard Marks examines the precision of so-called "Expert Opinion."

The Memo: You Bet!

In his memo, Howard Marks discusses the process of thinking in bets, parses the world of gambling, and draws parallels between investing and games of chance.

Behind the Memo - Fewer Losers, or More Winners?

In the latest episode of Behind the Memo, Howard discusses his recent memo: Fewer Losers, or More Winners?, He details the inspiration for the memo and explains why investors – like tennis players – need to consider their skill level, aspirations, and risk tolerance when asking themselves a fundamental question: Should I go for more winners, or try to avoid the losers?

The Memo: This Time It's Different

In this special post-release memo video, Howard Marks discusses Modern Monetary Theory, one of the trending points mentioned in his memo titled “This Time It’s Different.”

The Memo: Economic Reality

In his memo, "Economic Reality," Howard Marks explores the reality of economic policies and promises.

The Memo: Investing Without People

In his memo, Howard Marks considers the future of "Investing Without People."