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하워드 막스의 투자 철학을 소개하는 교육 영상. 예측하지 말고 현재에 집중하며, 남들이 공포에 빠질 때 기회가 있고, 밸류에이션을 확인하며, 감정을 배제하고, 역발상 투자를 하며, 생존(리스크 관리)을 최우선으로 하라는 5~6가지 원칙을 설명. 2008년 금융위기, 닷컴버블, 사티암 컴퓨터 사례, 코로나 여행주 사례를 예로 듦. 특정 자산의 향후 1~3개월 가격 방향에 대한 예측 발언은 없음.
다듬은 글
he everyone welcome back to the next content about Howard masks Howard marks investment philosophy or investment method and who is h m like he's he's actually a very Renown and expert in finding the cylic nature of the market even Warren Bufford used to eagerly wait for his memos to read what he has uh what is his point of view on the current trends of the market so such a very uh interesting and talented person person and uh his book is about predicting the market is one of the uh awesome book you all should read that book to and get more insights from Howard so let's get some few tips from Howard marks about investing and what to if you are a beginner to investment you are at right time you are at right place so this opportunity nobody like most of the people doesn't get even when I was there when I started my investment journey and no nobody was there to guide me or these kind of YouTube channels are not there at that point of time so everything we learn by ourself by experiencing all the pain by ourself so now because of this kind of a YouTube content you are getting so much valuable insights the book which I'm talking about is a wonderful book you don't need to read if you are going to watch this video this video going to give the top uh five key points or key things from Howard's uh method so let's get into the detail so this is Sund and you are watching mindful Finance the first point from Howard mask is the best one don't predict this is the best point like you can write in your Big W this is a this point is like nobody accept that is a very big thing in the world don't predict how marks has a very good Golden Rule which is don't waste time uh by trying to predict the future instead focus on what is happening right now for example if you're getting into a construction building or if you want to buy uh flat or something right and when you visited that place it was doing the foundation phase assume that it was a foundation pH and you see some cracks happening on the pillars and other other other things what do you feel like will you wait for what is going to happen in the future or when this building is going to collapse or anything or you just avoid to buy that home right obviously second one is everybody selects uh so similarly power focuses on taking the temperature of the market to understand whether it is overheated or full of hype so he makees sure those kind of scenario like to be cautious and is it uh the market is the current situation is whether it is a freezing Cal with no one willing to invest so that's when you should pay close attention if you uh if you check the uh covid-19 crash during the march 2020 the market tanked during the initial days of the pandemic some investors panicked really but those who stayed calm and invested when things felt frigid some massive gains as a market rebounded the second one the best time to act is when others are panicking so similar way Warren Bufford also used to say that when there's a blood in the market you have to be in that market all right so if 2008 uh during the uh Global financial crisis most investors were running for the exit like big Banks were collapsing and it seemed like the financial system would fall apart but Howard Marx and his team saw it as one of the greatest buying opportunities ever imagine a massive traffic jam during a heavy rain and everyone is frustrated switching lanes here and there and honking but the calm driver who stays focused and avoids unne Neary Lane chain usually gets through faster or in a peaceful way end of the day the journey is at the end point everybody is going to reach the same place right so let's enjoy the journey don't get panicked so the main lesson over here is when others are panicking staying calm and sticking to your plan can lead to best outcomes in uh you can take an example of real estates also in real estate when temporary Panic causes prices in good areas normally drop but the Cal buyers often get the best deals once the dust settles those Investments become gold I remember during the time of 2008 the the the major crisis happened in Bangalore all the apartments were selling cheap and nobody was actually ready to buy yes the real estate has fallen so badly it affected great uh number of people but there were smart people in my even my in my friends surroundings they very cheap like in the marali area people bought flat for 12 lakh and 13 lakhs at that point of time it was selling for 18 lakhs 20 lakhs dead cheap Flats you used to get at that point of so that is the main thing like you should not panic when things are looking like a Shaggy like like complicated or like a blood in the market right when everybody is selling Market is going down so don't get panic those are the opportunities and the third one is valuation matters so don't overpay for shiny things as I mentioned like doing theom bubble also uh whoever like own a tech company used to make mint lot of money at that point of time the worst part was simply you create aom domain and your stock gets listed in the NASDAQ or S&P 500 and that was funny thing at that point of time without any kind of valuation the stock price used to go Skyrocket so one of the most famous cases was pets.com which raised Millions despite having no profit at all and the bubble burst pet.com went bankrupt within 9 months of its IPO and investors lost everything similar thing happened in uh in India during the time of 2008 satum computers was once considered one of the India's top it companies it looked like a a star performer but behind the scenes uh its Financial was manipulated in 20 9 that truth came out raming Raju was in the background like playing manipulating the market so satin's profits like crashed like anything there was no cash Reserves at all and the price stock price crashed 80% in in just single day that was a historical thing happen in our Indian market like 80% fell wiping up billions of uh investors wealth so the key lesson over here is so just because something is popular and shiny doesn't mean it's worth the price always check the fundamentals before investing it's a very very very important Point don't ever get into investment without understanding that fundamental of that company if you don't have understanding of that fundamental of that company don't even enter into stock mark this is very very important point the points I'm discussing all the key points which you have to write down and memorize it has to be like a checklist you have to check whenever you're trying to buy something the fourth key point is emotions are your enemy whatever there is a saying right whatever you decide when you are very happy or very sad it's a bad decision it's going to be a bad decision if you're going to do a shopping just like suddenly you feel like I want to buy some iPad or something right what you have to do is add that iPad in the Amazon your shopping cart wait for one or two days and then you yourself will realize that okay this product is not needed for me why I need to buy right so don't take any kind of decisions when you are in emotional mode like for example in the roller coaster ride see the the emotions in investing are like uh rolling riding a roller coaster thing at first you'll be like excited like wow I'm going to have adventurous thing today and you'll be very excited and confident but as the ride gets through it become rough and you get fear and you you want to you feeling like a puking out you want to immediately like uh stop the Ral question get out of it right the but key stay is be calm relax and just enjoy that moment because ultimately mean end of the day you want to have fun you you need to enjoy it you need to feel that fun that adal has has to be enjoyed right instead of that you got panic and you got shock you want to get out of it so that is the time you have to be focused calm whatever means ups are down markets are always volatile doesn't care you you should not worry about that at all right so you you know the company's fundamentals you had a valid reason why you entered into that stock or you bought that stock now since you have a Clarity you know that if it goes down you want to add some more instead of having a confusion of whether to get out of it you'll add extra over there because you have confident you know the company you know the management you know the business right so uh that's a if you remember there's a company called GameStop and AMC frenzy lot of people bought these stops at Sky High prices out of four more like fear of missing out the hype died down those who bought at the top suffered massive losses even the similar thing happened with uh Zoom during the covid time it went like anything and then the same way it fall right so here the H's advice is Buy Low sell High it might be very easier to say but then doing it in a real reality right but it's the only way to win so this is the very very very key point you need to understand that understand the valuation of the company understand uh when to enter whether the valuation of the company is good or at the low is it a right time to buy understand the psychology of the market and then enter rather than taking emotional decision the another fifth point is I I I'm a fan of this actually which is D to be different or be a contrarian investor so to succeed in investing you must be bold enough to take a different path from the crowd because just understand one thing Market is something that the things happens very early if you and me get a news or get a thing about a certain company we are actually getting that news after that incident had happened whatever things we got to know now already Market would have factored or known by someone and those things are done and dusted so we'll be getting late into the late in the game so in that case kind of a thing you need to be thinking different if everybody is trying to buy some stock you have to think whether to buy it here or not right because everybody knows this thing means so something has happened earlier that is already factored now if you go and buy that means we're buying after the incident had happened so don't do that we have to buy before before the incident uh are happened are going to happen so that is where the Howard is expert in he knows the cyclic nature of things he knows what is right now happening rather than like predicting what is going to happen he knows now what is happening is it right time so imagine visiting a popular tourist spot the main V point is always crowded and noisy but if you dare to take the Less Traveled Trail you might find the most beautiful and peaceful view I really experience whenever I go for any kind of a tour or you I visit any place I don't like to go where people already talking about it happened uh in multiple places in Nal in in car palak like you if you go and ask the local people they'll give you a a place which is not seen by anyone so so during the pandemic uh stocks of travel companies like marott and rbnb Indian hotels they crashed like anything while most people avoided them some Brave investors bought during the dip once the world reopened those stocks sold and rewarding the contrary ends so the lesson here is being different is uncomfortable but it often leads to a best opportunities the next most important thing the sixth key point is survival comes first you have to play defensive not aggressive Howard Mark number one rule is to survive first no matter how great your strategy is you won't succeed if you can't survive the tough times example in the football a great football team doesn't just focus on scoring it builds a strong defense if you can stop the other team from scoring you always have chance CH to be tataa Motas faced tough times but stayed conservative with their finances and avoided major risk so their survival strategy paid off helping them bounce back stronger on the other hand lemman Brothers collapsed because they took on too much risk without protecting themselves so the thought here is always manage your risk it's okay to miss some gains as long as you protect yourself from major losses so the final thought here is always manage your risk it's okay to miss some gains as long as you protect yourself from major losses so these are the powerful lessons from Howard marks and these are like Timeless strategies it can do Miracles it doesn't matter what time it is it works this principle works at any point of time so that is the the greatest thing about how marks point of views so just remember don't predict understand the present stay calm when others Panic focus on value not hype and most importantly always protect yourself from big risk and if you found this video helpful don't forget to like share and subscribe see you in the video see you in the next video thank you so much have
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