Person
Every book Howard Marks recommended on podcasts
Key facts
- Howard Marks has recommended or discussed 9 books on podcasts, as of July 15, 2026.
- Howard Marks has talked about books on 3 podcasts, as of July 15, 2026.
- Those books came up in 4 episodes, as of July 15, 2026.
- The 3 books Howard Marks has mentioned in the most episodes, as of July 15, 2026: A Short History of Financial Euphoria, Outliers and Against the gods.
- The latest episode with a book mention from Howard Marks aired on July 15, 2026.
Updated
Across 3 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
- Pioneering Portfolio Management by David F. Swensen
- Security Analysis: The Classic 1940 Edition by Benjamin Graham
- The intelligent investor by Benjamin Graham
- Winning the Loser's Game, 6th Edition: Timeless Strategies for Successful Investing by Charles Ellis
Howard Marks discussed and recommended numerous influential books focusing on financial history, human behavior, and probability during his podcast appearances. On My First Million, he recommended John Kenneth Galbraith's A Short History of Financial Euphoria, noting that it was a deeply influential text for his own thinking regarding market booms, busts, and investor behavior. On the same program, he recommended Nassim Nicholas Taleb's Fooled by Randomness for its valuable insights on risk, randomness, and portfolio construction. During an episode of How I Write, Marks brought up Peter L. Bernstein's Against the Gods, praising Bernstein as a foundational investment philosopher and highlighting the book's comprehensive history of probability. Alongside these direct recommendations, Marks frequently referenced other works to illustrate economic and statistical concepts. He discussed Malcolm Gladwell's Outliers to explain demographic luck and the importance of being in the right place at the right time, Edward Chancellor's Devil Take the Hindmost in connection with historical financial speculation, and Charles Ellis's article and work on Winning the Loser's Game to support arguments regarding the limitations of active investing when the future cannot be predicted.
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 an examination of the external factors, cultural legacies, and massive amounts of practice that contribute to 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 is a comprehensive historical examination of financial speculation, market bubbles, and historic panics.
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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Pioneering Portfolio Management
Pioneering Portfolio Management by David F.
Discussed“Dave Swenson, who passed away recently, who ran the endowment at Yale with great effect for maybe 35 years, said in his book, Pioneering Portfolio Management, that investment management requires the adoption of uncomfortably idiosyncratic positions.”
Where to get it
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Security Analysis: The Classic 1940 Edition
Discussed“So, Graham and Dodd in the 1940 edition of security analysis called fixed income investing at negative art. And I think what they meant is that since all 8% bonds, 8%, and if there are 100 bonds of which 90 will pay, it doesn't matter which of the 90 you buy”
Where to get it
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The intelligent investor
The Intelligent Investor by Benjamin Graham is a foundational guide to value investing that teaches timeless principles for analyzing financial markets and purchasing securities with a margin of safety.
Discussed“In other words, you're helping the market to act as a weighing machine, as Ben Graham said, an intelligent investor. But in the short term, it's a voting machine to get a handle on how people are voting and how they're likely to vote in the future”
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
Other mentions (7: 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.”
“And if you ever decide to write a book, I'll give you a blurb for the jacket. So I had always been planning to turn the memos into a book when I retired, whenever that would be. But given Buffett's promise, I said, no, this is something I better cash now.”