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You are here: Home / Archives for Marks (Howard)

452: Beyond Stocks: The Allure and Strategy of Credit Investments

October 19, 2023 by David Stein · Updated October 30, 2023

Investing in non-investment grade bonds, leveraged loans, and preferred stocks is potentially more compelling than investing in common stocks at present. Topics covered include: Why Howard Marks told institutional clients to sell stocks and buy high-yield bonds instead The contractual agreements comprising bonds, leveraged loans, and preferred stock give them an advantage relative to common stocks How preferred equity exhibits attributes of both bonds and common stocks What … [Read more...]

Filed Under: Podcast Tagged With: bank loan funds, high yield bonds, leveraged loans, Marks (Howard), non-investment grade bonds, preferred stocks

439 Plus: New Portfolio Trades, Market Temperature, Providing Investment Help, and TFLO

July 15, 2023 by David Stein · Updated August 2, 2023

In Plus episode 439, we continue discussing AI large-language models and how to think about them. David shares two AI-influenced trades in his portfolio. We review a recent editorial by Howard Marks on market timing and the market's temperature. We discuss how to help family members and friends with investment-related challenges. Finally, we discuss how ETF and mutual fund distributions impact the price, using TFLO as an example. … [Read more...]

Filed Under: Uncategorized Tagged With: AI, artificial intelligence, ETF prices, Marks (Howard), portfolio trades, TFLO

397: How To Invest Based on Cycles

August 10, 2022 by David Stein · Updated August 25, 2022

This episode edits and remasters two earlier episodes on investing based on cycles to focus on timeless investing principles. Topics covered include: What are different types of cyclesWhy do cycles have subjective start and end dates.Why do coincidences happen so often.How to position investment portfolios based on cycles.How luck and skill play a role in investing.Why it is better to invest based on calibrating risk rather than prediction. Show Notes Weiss Research Weiss … [Read more...]

Filed Under: Podcast Tagged With: cycles, investment conditions, Marks (Howard), supercycles

248 Plus: Credit Cycle, Value Traps, and a Dividend Investing Update

April 13, 2019 by David Stein · Updated April 29, 2021

In Plus episode 248 for the week of April 13, 2019, we review what the credit cycle is and how it is monitored. We also explore the concept of value traps and whether they apply to asset classes. Finally, we look at current valuations for dividend investing strategies. … [Read more...]

Filed Under: Uncategorized Tagged With: credit cycle, cycles, dividend investing, Marks (Howard), value traps

224: Mastering the Market Cycle – Howard Marks

October 3, 2018 by David Stein · Updated August 10, 2022

How to position your investment portfolio based on market cycles. Investing principles from Howard Marks' new book Mastering the Market Cycle. Photo by Darius Bashar In this episode you’ll learn: How have U.S. stocks performed relative to non-U.S.How to position investment portfolios based on cycles.What is asset selection and why there are more opportunities in extreme times.How luck and skill play a roll in investing. Show Notes The ‘Dumb’ Money Is Bailing on U.S. Stocks. … [Read more...]

Filed Under: Podcast Tagged With: cycles, luck, Marks (Howard), skill

173: Should You Invest Based On Cycles

September 20, 2017 by David Stein · Updated March 12, 2024

What are some of challenges of investing using long-term economic cycles. Photo by Maarten Deckers In this episode you’ll learn: What are the different types of economic cycles. Why cycles have subjective start and end dates. Why coincidences happen so often. Why it is better to invest based on calibrating risk rather than prediction. Show Notes Weiss Research Weiss Research SEC Action Foundation For The Study of Cycles Fluke: The Math and Myth of … [Read more...]

Filed Under: Podcast Tagged With: credit cycle, cycles, Marks (Howard), PMI

MNY091 Plus: Money Creation, Smart Beta, Howard Marks and Bitcoin

January 16, 2016 by David Stein · Updated April 29, 2021

This week on Money For the Rest of Us Plus I review an academic paper on how money is created out of thin air. I also answer some questions on smart beta and how smart beta value ETFs differs from traditional value managers. We look at how investors' emotions drive markets as explained by Howard Marks. Finally, I share why I sold some of my Bitcoin and the current crisis facing the cryptocurrency. The episode length is 34 minutes.   MNY091 Plus View and Listen To Other Plus … [Read more...]

Filed Under: Money Plus Tagged With: Bitcoin, Marks (Howard), money creation, smart beta

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