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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…)

Honeymoons don't last forever

A love affair should always be a honeymoon. And the only way to make sure of that is to keep changing the man; for the same man can never keep it up.

GEORGE BERNARD SHAW, Too True to Be Good

I had written ,Honeymoon is over for this stock.

-Just see it had crashed from 410 level to 320 in just 19 days.

Now ,This is the way to trade in Future Segment and not for Rs.1 or 2 !!

Yes ,Just 4 days back ..Boldly written that Honeymoon for stock is over.

-Yes ,On Monday written to Sell.And all our Subscribers were short.

Just see it crashed from 551 to 479 level in just 3 sessions.

You all enjoyed rally in or not.

In just 4 sessions :Spurted from 522 to 570 level.

                                                

-In Last two sessions ,As expected and was on Wednesday.Just see both stocks were on Fire.

Now ,Just think it over is it a Magic ,Miracle or Power of chart ?

Updated at 2:50/14th May/Baroda