Howard Marks & Michael Mauboussin: The Art of Clear Thinking

About this episode

Over the history of this podcast there are two people who have probably influenced the way I think more than anyone else: Howard Marks and Michael Mauboussin. For this special episode, I went back through my conversations with both of them and brought together the sections I continue to learn from. They were recorded separately, but the ideas speak to each other in a way that becomes especially powerful when you hear them together. Howard Marks on standing apart from the herd, why "it's not what you buy, it's what you pay," the decision he's proudest of (deploying $7B during the 2008 crisis), and the most important thing in life outside of investing. Michael Mauboussin hita on the…