Interview with Howard Marks: Masters in Business (Audio)
Masters in Business
00:00
Investing Is Not a Matter of Buying Good Things, It's What You Pay
The bank faltered with his nifty 50. They thought it would be great if they had somebody other than me as director of research. And I asked my boss, Peter Vermilieu, what's next? He said, I'd like you to start a convertible bond fund. So I moved over to the bond department in May of 78, started the fund in August. In August, I got the phone call to change my life. A client had come in and asked for a high yield bond fund. And that put me in the right place at the right time. It was a pure luck. Just serendipity.
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