This podcast was just released today. Secrets to wealth are on the last 5 minutes 😉

“I believe most investors have their eyes on the wrong ball; one quarters, or one years performance, is meaningless at best and a harmful distraction at worst”

He also mentions adding to your positions that are underperforming, which is exactly what I do, and why I find it easier to invest during recessions than bull markets.

In case you aren’t familiar; somehow I had never heard of Howard Marks until about 3 months ago, even though I thought I’d studied most of the greats. His performance, for the last decade relative to all the others compared on this site (from Dalio & Greenblatt, to Yackrman & Gates) is insane. Here’s Marks’ performance against my mentor and some other famous/successful money managers.

Source: Stockcircle.com