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Oaktree Howard Marks: Masters in Business (Audio)

Masters in Business

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The Real Success in Investing Comes From Second Level Thinking

The real success in investing goes to people who achieve a superior understanding of the things that are going on, why they're going on, and what they mean. You know, for example, very simple. People say it's a great company, you should buy the stock. Second level thinker says it's not as great as everybody thinks, you should sell the stock. That's kind of reflexive or counterintuitive. Looking at things a little differently than everybody else does to find the opportunity.

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