저자: 미상 · 한국인
요약 보기
하워드 막스 인터뷰(2020.3.25) 해설 영상으로, 결론은 시장 위험을 피하기보다 지금이라도 소액씩 투자에 참여하는 편이 낫다는 취지다. 하워드 막스 소개: 오크트리 캐피털 운용, 2017년 포브스 자산 기준 상위 미국인으로 언급되며 자산은 최소 20억 달러 이상으로 추정. 대표 저서는 『투자에 대한 생각』 등. 막스의 핵심 발언: 투자에서 중요한 것은 무엇에 투자하지 않을지보다 언제, 얼마나 투자할지다. 아무도 타이밍을 정확히 잡을 수 없으므로 달러 코스트 애버리징(분할 매수)이 중요하다. 위험 인식: 시장 참여에는 (1) 시장이 어려워 피하는 위험, (2) 피해서 손실을 보는 위험, (3) 참여했다가 손실을 보는 위험이 있다. 현금을 전부 투자하라고 하기는 어렵지만 전혀 투자하지 않는 것도 좋지 않다. 경기 전망: 경기 회복 속도에 달려 있으며, 각국의 양적완화가 얼마나 빠르고 넓게 퍼지는지가 관건. 막스는 현재 시장을 다소 부정적으로 봤고, 추가 하락 가능성(약 20%)을 언급하며 다음 해 상반기 디폴트 상황도 배제하지 않아 보수적 접근을 제안. 진행자 결론: 막스 인터뷰를 보고 '시장 참여 포기의 위험'에 무게를 둔다는 입장. 본인은 ATM 등 배당주를 보유 중이며, 배당 성장 종목 목록을 관리하고 있다. 일부 종목(경기침체·저유가 영향 종목)은 정리하고 BT·NT를 추가 매수했다고 밝힘. 타이밍을 맞히기 어렵다는 점을 알기에 자신의 방식으로 꾸준히 투자한다는 입장.
다듬은 글
Hello, this is Be the Light of Revenge Investment. Today, I will compare the "fighting, choice, and response" of Howard Boxcar on March 25, 2020, in the Gyau file. To review the tag name, I will briefly explain who Howard Boxcar is. Howard Boxcar is currently operating the Oak Tree character, and in 2017, Forbes selected him as the top American with an easy and high-tech net worth of $10 million.
However, as of February 2020, it would be at least $2 billion, which is likely higher. If he were to invest $ 2 billion, that would be 12.4 trillion won in Korean currency. Regardless, he is a billionaire with assets exceeding $2 trillion. And regarding the amount he manages, if you count it as one villain, it is about 20 shares.
His representative books include "Thoughts on Investment" and " Howard Boxcar's Investment and the Laws of the Marketing Cycle." Among the things he said, one of the most famous is that the most important thing when investing is what you do not invest in. It is when and how much you invest. This is what Howard Boxcar said.
Actually, Howard No one can catch the right timing like Marks, Warren Bock, or anything like that. That is why dollar-cost averaging is important. So, let me explain what was said on March 25, 2020, with Pen S and Conversion Tag 4 at the end of the month. A reporter asked this question: "How should one hedge against risk in this situation?" In response, Howard Marks said, " In a market, there are risks: the risk of avoiding it because the market is difficult, the risk of suffering losses by avoiding it, and the risk of participating in the market and getting lost." Therefore, what he wants to say is that while it is difficult to expect all our cash and your excitement to be used for investment right now, he cannot say that not investing at all is a good thing either.
In other words, he is saying in the interview that it is better to invest even a little bit now. And here, another question is asked: "Since you have experienced many cases like this, what advice can you give regarding the next few months?" Howard Marks replied that this depends on how quickly the economy recovers.
Foreign countries have started implementing quantitative easing policies; how quickly and widely this spreads so that the economy gradually returns... Although it depends on the returning thin, he says he views the current market situation—or rather, the perspective of the two people who have been exposed—slightly negatively.
This is because if it drops another 20% from 10 won during the two quarters of the milk rollout, then the aforementioned default situation would be resolved. Therefore, if you think that things worsen when highs wake up in previous years and that a default situation could occur in half of next year, he suggests approaching it a bit conservatively.
So, the conclusion Pitch Pad reached after watching this interview is the risk of not participating in the Powered Boxcar situation; I place the emphasis on that. I have an ATM stock that I purchased using [a method]. The entire 27th period is currently [ a] dividend hell, and I have compiled a list of stocks that have increased dividends for over 25 years.
However, ATM has now risen to 3rd place, with a yield of 6.9% to 7%. As of August 27th, it is 29.8%, but if they continue to maintain the dividend... The principal's return rate is 10 6.9, and it will be published. Since 1st and 2nd place are Eunjeong outsourced, and because our stocks are currently facing an economic recession and oil prices are low, I have retired from these two stocks.
Therefore, regarding the BT and NT I purchased last time, I added them today. I am the Chairman of Everything. Since I understand marketing, I think it would have been a fantastic investment if I had fully leveraged it now or earlier. However, knowing that no one can catch a marketer's item, I am going to crossdress and consistently do Prime S using my own method. Today's event goes all the way to the buttocks.
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