I spent a couple of months reading Howard Marks' memos and have attempted to make a distilled “teacher’s reference guide” which (hopefully) describes his investing philosophy in a clear, effective, and concise manner. His focus on simple and truly important ideas throughout these nearly 30 years of memos was amazing to read about and I hope this comes across!
*The vast majority of the content is from Howard's memos and not my own words. I’ve simply distilled, compiled, and added a few notes and references.