Oaktree Capital Management Co-Chairman Howard Marks said an investor who is not confident about making risky bets and can’t be a high-level thinker, should simply settle for participating in the "growing Indian miracle".
While speaking at the Moneycontrol Global Wealth Summit 2025, Marks said it would be a pretty good thing to even be an average participant in India’s growth story in the coming decade.
"To be an above-average participant and to have higher returns than the averages, you have to have proper knowledge. It takes a lot of hard work and understanding of companies and markets. If people want to be above-average, they have to do the work and have a better understanding of the markets,” he said.
The first piece of advice that Marks has to be a superior investor is to achieve second level thinking and have a solid level of understanding of the businesses.
"You have to understand that if you have the same data and engage in the same actions, you will be an average participant. There’s nothing wrong with it though," he added.
"You don’t want to miss out on India in the next 10 years," Marks said.
He further added that investors shouldn’t wait for long to begin investing in India’s growth story.
“If you wait long enough at a bus stop, you will catch a bus. If you run from bus stop to bus stop, you will never catch a bus. A lower level of activity with a higher level of thought is better,” he said.
Howard Marks added that he is currently very optimistic on India. The country which has an "incredibly constructive government", will strongly benefit from the fact that people don’t feel confident in investing in China due to the rising geopolitical uncertainties.
"India has incredible opportunities and an incredibly constructive government to take the country ahead," he added.
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