Billionaire Howard Marks Shares 5 ‘Market Cues’ That Guided His Most Successful Investments
Did you know that Marks made only five call over his 50-year career? Billionaire investor Howard Marks is famous for many things, but here’s a fact that may surprise even his most devoted followers. Over his 50-year, ultra-successful career in money management, he made only five calls. You read that right. Marks, whose net worth is $2.2 billion as of 2022, made less than half a dozen calls to build the lion’s share of his clients’ fortune. Although the number of his calls was startlingly low, their significance was not. These were monumental predictions, like anticipating the burst of the dot-...