The Lessons of Howard Marks' Memos Pt.1 ('11-'15)

Hello! Welcome back to another installment of the series on Howard Marks’ memos.

We now enter a brand new five-year period. As you’ll have come to expect, the amount of insight up for grabs here is hard to imagine.

The knowledge that Marks has generously imparted on us for the past few decades through his memos has become one of, if not the most useful investment resources available to the public.

I can’t express how brilliant it is. If you haven’t taken the time to read his memos, or this series, I recommend doing so above anything else.

If you’re interested in reading the previous five year installment, you can do so below:

• The Lessons of Howard Marks’ Memos Pt.1 (’06-’10)

• The Lessons of Howard Marks’ Memos Pt.2 (’06-’10)

• The Lessons of Howard Marks’ Memos Pt.3 (’06-’10)

• The Lessons of Howard Marks’ Memos Pt.4 (’06-’10)

In today’s article, we’re going to discuss regulation, the shortness of investor memory, how to build an investment philosophy as effective as Marks’, and the importance of understanding history in future success.

lets get into it