Must-Read Interview with Howard Marks

Barron’s had an awesome interview over the weekend with Howard Marks.  They made it the cover story for a reason.  If you missed it, you must immediately read it here.

For those that don’t know, Howard Marks is the chairman of Oaktree Capital Management ($77 billion under investment).  They focus on distressed debt and Warren Buffett is one of his biggest fans.  What I found very appealing was his use of sentiment in his overall market thesis.

He’s been in this game longer than I’ve been alive and whenever I see someone willing to share what they’ve learned, it is like Christmas.

Here are a few of my favorite quotes from the story and my take. (more…)

Peter Lynch

Probably you have heard of Peter Lynch. But did you know that in 13 years, from 1977 to
1990, the Fidelity Magellan Fund he managed grew from $20m to a whopping $14b?!
One of his famous buy, Subaru, was already up twentyfold when he bought the stock and he made sevenfold after that.

Quotes from Peter are as follows:
“Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it.”

“If you stay half-alert, you can pick the spectacular performers right from your place of business or out of the neighborhood shopping mall, and long before Wall Street discovers them.”

“Investing without research is like playing stud poker and never looking at the cards.”

“Absent a lot of surprises, stocks are relatively predictable over twenty years. As to whether they’re going to be higher or lower in two to three years, you might as well flip a coin to decide.” (more…)

Magic of Fibonacci numbers

Elections are held after every 5 years

 Results declared on 13th

Jayalalitha is back to power after 5 years

Congress got only 5 seats in Tamilnadu

Jagan Reddy got 5 lakh majority in Andhra

Mamata demolishes Communist Bastion after 34 years

Trinamool  Congress was formed 13 years ago


At ASR we always strive to apply Technical Tools in hitherto unexplored areas.

Y’day we have published about IIP Data chart and forecasted it as 7.3

Earlier we have even forecasted Inflation Numbers using Technical charts.

Technically Yours/Anirudh Sethi/BARODA/India

Go to top