Want to Generate Outstanding Returns? Billionaire Howard Marks Recommends Taking This Unorthodox Approach
Howard Marks' skills as an investor have turned him into a multibillionaire. The New York native co-founded the asset management firm Oaktree Capital Management in 1965, and funds run by Marks over the years have generated average annual returns of 19%.
Needless to say, Marks has honed his craft over time and has been able to generate superior returns throughout his career. For investors looking to do the same, Marks recommends a somewhat unorthodox approach. Let's take a look at what he had to say.
When it comes to investing, those who buy and sell equities are often told to remove emotion from their decisions. While Marks is a big believer in this approach, in an op-ed he recently wrote in the Financial Times, he explained that few investors are actually able to do this. He said that's why investors need to focus on reality.
Source Fool.com
