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Jul 17, 2024 · All Categories. memos Jul 23, 2024 Behind the Memo - The Indispensability of Risk with Howard Marks, Bruce Karsh, and Maurice Ashley Listen. press Jul 18, 2024 Lloyds Bank and Oaktree Partner to Launch a New Direct Lending Facility Read. memos Jul 17, 2024 The Folly of Certainty Read.
Jul 17, 2024 · Memos from Howard Marks. Jul 17, 2024. Download PDF; Listen to Memo; Archived Memos; Subscribe. The Folly of Certainty. The impetus for my memos can come from a wide variety of sources. This one was inspired by an article in The New York Times on Tuesday, July 9. What caught my eye were a few words in the sub-headline: ...
Jan 9, 2024 · In December 2022, I published Sea Change, a memo that primarily discussed the 13-year period from the end of 2008, when the U.S. Federal Reserve cut the fed funds rate to zero to counter the effects of the Global Financial Crisis, to the end of 2021, when the Fed abandoned the idea that inflation was transitory and readied what turned out to be ...
Nov 22, 2022 · Howard Marks, Co-Chairman of Oaktree Capital, discusses the disadvantages of short-term thinking, the difference between volatility and risk, and the one word he believes defines the essence of investment excellence. READ THE MEMO. Howard Marks weaves together some of the themes he’s explored in 2022 to explain what he believes really matters ...
Memos from Howard Marks. Since 1990, Howard Marks, Co-Chairman of Oaktree, has periodically released memos reflecting his viewpoint on the investment landscape, as well as more general business insights. Read Memos Watch Videos Listen to Podcasts
On October 12, 1990, Oaktree Co-Chairman Howard Marks published his first memo to clients. In the decades since, he has periodically released memos reflecting his viewpoint on the investment landscape, as well as more general business insights. On this podcast we'll hear the latest memos by Howard,….
Jul 1, 2024 · Howard Marks’s latest memo explores recurring investment themes to contextualize the current market correction and the bull market that preceded it. He discusses the role played by financial innovations like SPACs and cryptocurrencies and why he believes psychology, not fundamentals, primarily drives investment cycles – and likely always will.
Dec 13, 2022 · Falling stock and bond prices caused FOMO to dry up and fear of loss to replace it. The markets’ decline gathered steam, and the things that had done best in 2020 and 2021 (tech, software, SPACs, and cryptocurrency) now did the worst, further dampening psychology.
Jul 11, 2023 · The memo described how tech investors were buying the stocks of young companies at astronomical prices set in many cases as a multiple of current revenues, as the companies often had no profits.
Feb 9, 2022 · In his latest memo, Howard Marks discusses the importance of avoiding expressions of absolute certainty when operating in fields subject to randomness and human emotion, like politics, economics, and investing.
