Books recommended by Howard Marks

Howard Marks is cofounder and co-chairman of Oaktree Capital Management, one of the largest alternative asset managers in the world, specializing in high-yield credit and special situations. He is widely respected in the global financial market for his periodic memos on investing, in which he reflects on market cycles, risk, and investor psychology — many of these texts were compiled in the book The Most Important Thing.

His reading recommendations tend to reflect a long-term mindset and a genuine interest in how rigorous thinking applies to both markets and life. Those seeking references on value, uncertainty, and rationality will find in his curation a list with above-average conceptual depth.