I'm 80 and I wasted 25 years of my life. Don't make my mistake. - Howard Marks

ℹ️ EPISODE INFO

Released

July 15, 2026

Duration

44m

Channel

My First Million

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

*Investing Guide:* https://clickhubspot.com/1npk Episode 841: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to legendary investor Howard Marks about AI and making decisions in the face of fear and uncertainty. — Show Notes: (0:00) AI Hurtles Ahead (8:26) second level thinking (10:21) investing through the end of the world (14:47) raising $11B at a time of crisis (17:54) investing with fear (20:22) the key to a successful partnership (25:01) being a good father (27:37) only 1 success: to live your life your way (34:17) Having lunch with Warren Buffett (37:18) What people don't know about Buffett (39:37) cigar butt investing (41:35) recommended reading — Links:

• AI Hurtles Ahead - https://www.oaktreecapital.com/insights/memo/ai-hurtles-ahead
• A Short History of Financial Euphoria - https://www.amazon.com/History-Financial-Euphoria-Penguin-Business/dp/0140238565
• Fooled by Randomness - https://www.amazon.com/Fooled-Randomness-Hidden-Markets-Incerto/dp/0812975219

— Check Out Sam's Stuff:

• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Shaan uses Mercury across all of his companies. you can too: http://mercury.com/

Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., Members FDIC

• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

🎤 SPEAKERS

• Howard Marks

  guest

  Co-founder and co-chairman of Oaktree Capital Management, known for his investing memos and distressed-debt expertise.

• Shaan Puri

  host

  Co-host of the My First Million podcast and entrepreneur/investor.

• Sam Parr

  host

  Co-host of the My First Million podcast and entrepreneur (founder of The Hustle).

🧾 EPISODE SUMMARY

In this episode of My First Million, featuring Howard Marks and Shaan Puri, I'm 80 and I wasted 25 years of my life. Don't make my mistake. - Howard Marks explores Howard Marks on AI, crisis investing, and long-term relationships Howard Marks explains why he rewrote his AI memo after his son, Andrew, urged him to update it due to rapid changes in the technology.

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