Episode of My First Million with Sam Parr and Shaan Puri.
Topics
- Introduction to Howard Marks and the Contrarian Philosophy
- The Risk of Believing There Is No Risk
- PE Ratios and the Reality of 10-Year Returns
- High-Yield Bonds as an Alternative to Equities
- The Speedometer Framework: Aggressive vs. Defensive Posture
- Mastering the Market Cycle and the Dot-Com Bubble
- The Psychology of Buying at the Low
- Howard’s Biggest Mistake: Being Too Conservative
- The 2008 Financial Crisis: Investing $650M a Week
- Winning the Loser’s Game and the Consistency Paradox
- Three Questions Every Investor Should Ask Themselves