Inspirational Quotes by Howard Marks (American Investor)

Howard Stanley Marks (b.1946) is an American investor and writer. He is the co-founder and co-chairman of the Los Angeles-based Oaktree Capital Management.

Born in Queens, New York, to an ethnically Jewish but Christian Scientist family, Marks studied at the Wharton School of the University of Pennsylvania and the University of Chicago Booth School of Business.

Marks worked at Citicorp 1969–85 and TCW Group 1985–95. Then Marks founded Oaktree Capital Management with five colleagues from TCW Group. Oaktree grew rapidly, focusing on high-yield debt, distressed debt, and private equity. Oaktree is currently the largest investor in distressed securities worldwide, managing $91 billion in assets (2018.)

Oaktree funds managed by Marks have produced long-term returns net of fees of 19% per year. He is admired in the investment community for his insights into the economy. In 2019, with a net worth of $2.2 billion, he was ranked 370th on the Forbes 400 rankings of the wealthiest Americans.

Marks is the author of The Most Important Thing: Uncommon Sense for the Thoughtful Investor (2011) and Mastering the Market Cycle: Getting the Odds on Your Side (2018.)

More: Wikipedia • READ: Works by Howard Marks