In today’s episode, we have an extremely special guest who is a billionaire and investing legend, Howard Marks. Howard really needs no introduction, but if you have not read Howard's memos, you are missing a critical piece of your investing education. Howard has also written some of Trey's favorite books including The Most Important Thing and Mastering the Market Cycles, which they discuss in depth in this episode and much more.

IN THIS EPISODE, YOU'LL LEARN

• (01:54) How much investors should really focus on macro (spoiler: very little)
• (11:53) How to balance risk without the temptation to time the market
• (22:32) Howard's thoughts on bitcoin, bonds, and interest rates
• (34:58) Evergreen wisdom around price and value
• (47:19) And be sure to stick around for the last question where Howard provides a portfolio he would leave to his grandchildren

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES:

• Howard Marks’ Memos
• Trey Lockerbie Twitter
• Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool 
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