Howard Marks is the Co-Chairman and Co-Founder of Oaktree Capital Management, L.P., a leading global investment management firm specializing in alternative investments. With a career spanning several decades, Howard has established himself as one of the foremost experts in value investing and risk management. His investment memos, widely read by investors and finance professionals, offer deep insights into market cycles, investment strategies, and economic trends. Howard's approach to investing is grounded in the principles of disciplined value investing, a focus on risk control, and an understanding of market psychology. He believes in the importance of being a "second-level thinker," looking beyond the obvious to identify undervalued assets and opportunities that others might overlook. Under his leadership, Oaktree has grown to manage over $150 billion in assets, with a reputation for excellence in distressed debt, high yield bonds, private equity, and real estate investments. In an interview on Asset TV, originally published on January 7, 2021, Howard Marks delved into the core principles that guide Oaktree's investment strategy and business operations. He discussed the firm's commitment to delivering consistent, superior risk-adjusted returns and maintaining a long-term perspective in all investment decisions. Howard also shared his views on the future of Oaktree, highlighting the importance of adapting to evolving market conditions while staying true to the firm's foundational principles. Howard Marks' contributions to the field of investment management have been recognized through numerous accolades and his influential book, "The Most Important Thing: Uncommon Sense for the Thoughtful Investor." His wisdom and experience continue to shape the strategies of both institutional and individual investors worldwide, making him a revered figure in the world of finance.