Howard Marks: how I make money while you worry about a market crash

Investing Guide:clickhubspot.com/epkr

Episode 841: Sam Parr ( x.com/theSamParr ) and Shaan Puri ( x.com/ShaanVP ) talk to legendary investor Howard Marks about AI and making decisions in the face of fear and uncertainty.

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Show Notes:

(0:00) AI Hurtles Ahead

(8:26) second level thinking

(10:21) investing through the end of the world

(14:47) raising $11B at a time of crisis

(17:54) investing with fear

(20:22) the key to a successful partnership

(25:01) being a good father

(27:37) only 1 success: to live your life your way

(34:17) Having lunch with Warren Buffett

(37:18) What people don't know about Buffett

(39:37) cigar butt investing

(41:35) recommended reading

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Links:

• AI Hurtles Ahead - oaktreecapital.com/insights/memo/ai-hurtles-ah…

• A Short History of Financial Euphoria - amazon.com/History-Financial-Euphoria-Penguin-…

• Fooled by Randomness - amazon.com/Fooled-Randomness-Hidden-Markets-In…

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Check Out Sam's Stuff:

• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: joinhampton.com/mfm

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Check Out Shaan's Stuff:

• Shaan's weekly email - shaanpuri.com

• Visit somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Shaan uses Mercury for banking across all of his companies. you can too: mercury.com

Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC

• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:

beehiiv.com/mfm-challenge

My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /