Person
Every book Howard Marks recommended on podcasts
Across 2 podcasts. Every show Howard Marks appears on, in one place — not just one.
Howard Marks’s most recommended books
- A Short History of Financial Euphoria by John Kenneth Galbraith
- Outliers by Malcolm Gladwell
- Against the gods by Peter L. Bernstein
- Fooled by Randomness by Nassim Nicholas Taleb
- Devil Take the Hindmost by Edward Chancellor
- Winning the Loser's Game, 6th Edition: Timeless Strategies for Successful Investing by Charles Ellis
Howard Marks appeared on podcast episodes of My First Million and How I Write to share his decades of wisdom on investing, market behavior, and probability. Marks recommended John Kenneth Galbraith's A Short History of Financial Euphoria, citing it as an influential text that shaped his thinking on financial bubbles and investor behavior. He also recommended Nassim Nicholas Taleb's Fooled by Randomness for its insights into risk, randomness, and portfolio construction, as well as Peter Bernstein's Against the Gods, praising Bernstein as an investment philosopher who greatly influenced his understanding of probability. During his discussions, Marks referenced Malcolm Gladwell's Outliers on multiple occasions to illustrate the significant role of demographic luck, timing, and success. He also discussed reading Edward Chancellor's Devil Take the Hindmost prior to writing his famous dot-com bubble memo, and he referenced Charles Ellis's article Winning the Loser's Game when discussing why active investing struggles to predict the future.
Books recommended by Howard Marks
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A Short History of Financial Euphoria
A Short History of Financial Euphoria by John Kenneth Galbraith examines the recurring patterns of financial manias, speculative bubbles, and inevitable market crashes throughout economic history.
Recommended“So, one is uh a short history of financial euphoria by John Kenneth Galbraith. This was very uh influential in my thinking”
Where to get it
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Outliers
Outliers by Malcolm Gladwell is a fascinating exploration of the external factors, cultural legacies, and hidden advantages that enable certain individuals to achieve extraordinary success.
Discussed“You know, if you if you read Malcolm Gladwell in Outliers, it was just luck. Right time, right place.”
Where to get it
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Against the gods
Against the Gods: The Remarkable Story of Risk by Peter L.
Recommended“Against the Gods. Against the Gods was a really great book on the history of probability.”
Where to get it
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Fooled by Randomness
Fooled by Randomness by Nassim Nicholas Taleb is a popular exploration of the massive role that chance, luck, and probability play in human success, finance, and everyday life.
Recommended“And then the other book would be Fooled by Randomness uh by Nassim Nicholas Taleb. And it talks about See, I'm a great believer that a lot in life is random.”
Where to get it
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Devil Take the Hindmost
Devil Take the Hindmost by Edward Chancellor explores the fascinating history of financial speculation and market manias through the centuries.
Discussed“Uh in in the fall of '99, I read a book called Devil Take the Hindmost.”
Where to get it
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Winning the Loser's Game, 6th Edition: Timeless Strategies for Successful Investing
Discussed“And then, you know, back in back in '74 I think Charlie Ellis wrote an article Winning the Loser's Game where he said that because you can't predict the future, active investing doesn't work.”
Where to get it
Books Howard Marks wrote
Appearances
| Episode | Podcast | Date | Books |
|---|---|---|---|
| If I was 21 again, this is what I’d do different - Howard Marks | My First Million | 2026-07-15 | 3 |
| Howard Marks: 79 Years of Investing Wisdom in 55 Minutes | My First Million | 2025-08-25 | 3 |
| How He Raised Billions with Simple Ideas | Howard Marks | How I Write | 2024-02-21 | 2 |
Other mentions (6: passing, ad reads, own books)
“Well, in in my first book, The Most Important Thing Columbia, which published the book Uh, were talking about the”
“And I wrote a book called Mastering the Market Cycle, which was published in '18, and uh I think I always say it's a cheesy title, but it wasn't my idea.”
“You know in my first book The Most Important Thing I had a thing in there called the uh Poor Man's Guide to Market Assessment.”
“When I was writing the Mastering the Market Cycle, there's a discussion in there about the fact that I was lying in bed in Jaipur, India and something made me think back to a discussion that I had in Shanghai a year or two earlier.”
“I think risk is the most important thing. There are three chapters on risk in The Most Important Thing.”
“The book is called The Most Important Thing. It has 21 chapters, and each chapter says the most important thing is ... and it's a different thing.”