Howard Marks: Focusing on Excellence with Guy Spier

In this insightful podcast, Howard Marks, co-founder of Oaktree Capital, and Guy Spier, founder of Aquamarine Capital, share timeless investment wisdom.

The discussion delves into essential principles for successful investing, including understanding market cycles, practicing second-level thinking, managing risk, and adopting long-term, contrarian strategies. Howard draws on his experiences during major market events, while Guy stresses the importance of emotional discipline and thinking unconventionally.

A central theme of their conversation is the value of staying true to oneself in a world that often rewards conformity. Both emphasize the importance of making independent decisions and adhering to personal principles rather than following trends or seeking approval.

With decades of combined experience, Howard and Guy offer profound insights into the mindset required for enduring success in both investing and life.

Share the news

Disclaimer of liability

The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.

Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk

You might also find this interesting:

Mohnish Pabrai: The Swiss Army Knife Approach to Investing

In this interview, Mohnish Pabrai shares his investment philosophy and life lessons. Using personal examples from his investment career, he demonstrates how major setbacks – including a large loss in a startup before launching his fund and the significant portfolio decline during the 2008 financial crisis – ultimately strengthened his investment approach and led to substantial gains afterward.

Matthew McLennan: Reflections On The Market Situation Anno 2025

In their recent report ‘First Eagle Reflections’, the team at First Eagle outlines key market developments and future expectations, focusing on macroeconomic trends, sector performance, and notable companies.
Their insights highlight the dynamic nature of the global economy and the importance of strategic positioning across sectors and geographies.

Bill Ackman: 2025 Annual Investor Presentation

In his 2025 Annual Investor Presentation, Bill Ackman provides his view on Pershing Square Holdings (PSH) strategic roadmap. Bill also shares his in depth thoughts on the portfolio and key business developments in the companies he owns such as Nike, Brookfield and Uber.

Terry Smith: The Core Attributes of A Great Investment

In this interview, British investing icon Terry Smith, the manager of the UK’s largest stock fund Fundsmith, shares his lessons after a lifetime of investing. Terry delves into the skills, personality traits, and principles that propelled him from humble beginnings to the top of the investing world.