Howard Marks, co-founder and co-chairman of Oaktree Capital Management (the largest investor in distressed securities worldwide), released a series of videos on September 12, 2024 in which he discusses how to think about risk. In the full length video (~36 minutes), accessible through Oaktree Capital Management LP's website, Marks explains the character of risk, the relationship between risk and return, the misconceptions about risk, and how to think about risk.
If you are unfamiliar with Howard Marks, suffice it to say that his risk/reward management expertise is borne out by Brookfield Corporation's ~73% ownership stake in Oaktree Capital Group as of April 2024.
Take the time to listen to what he has to offer.
If you enjoy listening to How To Think About Risk with Howard Marks, you may be interested in the following books:
The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor - Howard Marks and Bruce Greenwald
Mastering the Market Cycle: Getting the Odds on Your Side - Howard Marks
Many more interesting books are available through the Books section of this website.
I wish you much success on your journey to financial freedom!
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Disclaimer: I do not know your circumstances and do not provide individualized advice or recommendations. I encourage you to make investment decisions by conducting your research and due diligence. Consult your financial advisor about your specific situation. I wrote this article myself and it expresses my own opinions. I do not receive compensation for it and have no business relationship with any company mentioned in this article.
