Howard Marks is one of the most respected value investors around. He is the chairman and co-founder of Oaktree Capital Group LLC, a global investment management corporation with excess of $82Billion of AUM. He is the author of the great investment book “The most important thing: Uncommon sense for the Thoughtful Investor”.
This video is a rare interview of Howard Marks where he talks about Oaktree Capital recent IPO and his views about the current market.
Written by Charles T. Munger
I’m going to play a minor trick on you today because the subject of my talk is the art of stock picking as a subdivision of the art of worldly wisdom. That enables me to start talking about worldly wisdom a much broader topic that interests me because I think all too little of it is delivered by modern educational systems, at least in an effective way.
And therefore, the talk is sort of along the lines that some behaviorist psychologists call Grandma’s rule after the wisdom of Grandma when she said that you have to eat the carrots before you get the dessert.
This is another great talk of Warren Buffett with MBA students back in 2001. This time the talk takes place at the Terry College of Business. His transparency about his investment philosophy and his general thoughts about investing are a true gift to anyone willing to listen and learn. It is a 77-minute long video so sit back and enjoy!
Warren Buffett and Ajit Jain kindly offered to take some Q&A from business school students in their 2011 trip to India. Ajit Jain is the head of several reinsurance businesses for Berkshire Hathaway. Buffett has said several times that Ajit is one of the few people he speaks with daily, if not the only one. Buffett loves the insurance business and Ajit is one of the brightest and smartest people in the business. He is so hard working that he usually moves to London every Thanksgiving weekend in order to get more work done since it´s a national holiday in USA.
The format of Q&A is probably Buffett´s favorite as he likes to get tested with difficult questions. It is a 60-minute long video. Value investing is very popular in India and this video proves students know a lot about the subject. Enjoy!
Warren Buffett is a great public speaker. He credits taking a Dale Carnegie course to improve his communication skills and says it was a fantastic investment. Buffett loves to teach younger people everything he has learned through his life. The following video is a 90-minute long talk with MBA students from the University of Florida. Enjoy!
Seth Klarman is one of the smartest value investors in the world. He is the President of The Baupost Group, a Boston hedge fund with AUM in excess of $22 Billion. In 1991 he wrote the book Margin of Safety, Risk Averse Investing Strategies for the Thoughtful Investor. If you haven´t read it, I strongly suggest you do. Unfortunately it is out of print and the book sells for more than $1,000. A pdf version of the book can be found here.
Seth Klarman is not a big fan of interviews so this long interview with Charlie Rose is extremely valuable. Enjoy!
Warren Buffett used to to refer to Munger in his early letters to partners in the 60´s as his “West Coast philosopher” friend. Charlie Munger is a broad thinker, has a multidisciplinary approach to problem solving and life and certainly is one of a kind.
In this video, Charlie Munger has fantastic two-hour long conversation with CNBC news anchor Becky Quick at the University of Michigan, his alma mater, in 2010. Enjoy!
The first post of this blog could only be about one man: Warren Buffett.
He is Benjamin Graham´s star student and considered the best value investor in the short history of this investment science, which some say is merely an investment philosophy.
The title of this documentary is by no means an exaggeration. Warren Buffett is, by far, the greatest money maker ever and if you watch carefully you will understand why. Enjoy!