The Human Side of Investing: Theory and Practice

Most investing education focuses on accounting, financial analysis, or capital market theory. But an investor’s relative performance will be determined largely by another factor: the human side of investing. Perhaps markets would function more smoothly if the participants were rational, objective, and unemotional players—but they’re not. To attain superior performance, you need a better understanding of the divergence between theory and real-world practice, and must learn to control the human emotions that cause investors to stray from the path of rational investing. Register now to hear legendary value investor Howard Marks offer his unique take on successful value investing at this program.

Who Should Attend?

Investors, security analysts, portfolio manager, and academics.

Biography

Howard Marks formed Oaktree in 1995 and has been responsible for ensuring the firm’s adherence to its core investment philosophy, communicating closely with clients concerning products and strategies, and managing the firm. From 1985 until 1995, Marks led the groups at The TCW Group, Inc. that were responsible for investments in distressed debt, high yield bonds, and convertible securities. He was also chief investment officer for domestic fixed income at TCW. Previously, Marks was with Citicorp Investment Management for 16 years, where from 1978 to 1985 he was vice president and senior portfolio manager in charge of convertible and high yield securities. Between 1969 and 1978, he was an equity research analyst and, subsequently, Citicorp’s director of research. Marks holds a BSEc degree cum laude from the Wharton School of the University of Pennsylvania with a major in finance and an MBA in accounting and marketing from the Graduate School of Business of the University of Chicago, where he received the George Hay Brown Prize. He is a CFA charterholder and a Chartered Investment Counselor.