Howard Marks: The Art of Risk and Cycle Investing

This program provides a systematic analysis of the investment principles developed by Howard Marks, co-founder of Oaktree Capital. It focuses on the core concepts of second-level thinking, the psychology of market cycles, and the identification of mispriced risk. Participants will learn how to differentiate between price and value, manage the pendulum of investor sentiment, and apply a defensive investment posture to protect capital while seeking superior long-term returns.