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Interview with Howard Marks: Masters in Business (Audio)

Masters in Business

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How Do You Transition From Equity Analyst to Fixed Income Analyst?

I was a Wharton kid, but at those days in the mid 60s, you were required to have a non-business minor and also to have one semester of the literature of a foreign country. I turned that into my minor and took 15 credits in the graduate what was then called the Oriental Studies Department. You had always wanted to go into finance and I think that's reflected. How do you transition from equity analyst to fixed income analyst? Well, it was a real life story, not a dream story. The investor in these great companies probably lost 80 to 90% of his money.

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