295 results for "memo":
Showing 111 - 120 of 295 results
Selling Out
Howard Marks’s latest memo considers one of investing’s most fundamental questions: when to sell.
Notes from New York
A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: HowardMarks Re: Notesfrom New York Maybe you've already read enough about last week's events, in which case you should feel free to discard this memo., I had no plans for a memo on this subject., This memo may not include much that is new to you but, as usual, I will attempt to pull together my own thoughts and what I've heard and read elsewhere.
Bull Market Rhymes
They’ll be the topic of this memo., I want to mention up front that this memo has nothing to do with assessing the markets’ likely direction from here., And updating a question I asked in my memo The Happy Medium (July 2004), why has its annual return been between 8% and 12% just six times during this period?, In my 2007 memo The Race to the Bottom, I explained that when there’s too much money in the hands of investors and providers of capital and they’re too eager to put it to work, they bid too aggressively for securities and the chance to lend.
The Seven Worst Words in the World
All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: The Seven Worst Words in the World I have a new book coming out next week titled Mastering the Market Cycle: Getting the Odds on Your Side., Thus the idea for this memo came from the seven worst words in the investment world: “too much money chasing too few deals, But these are my conclusions, and they’re the reason for this memo at this time, This memo can be recapped simply: there’s a race to the bottom going on, reflecting a widespread reduction in the level of prudence on the part of investors and capital providers.
Nobody Knows (Yet Again)
In his latest memo, Howard discusses how the recent events surrounding tariffs can have a seismic but unpredictable impact on the global economy.
Mr. Market Miscalculates
All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: Mr., I referred them to my 2016 memo On the Couch., I wrote over 33 years ago, in only my second memo: The mood swings of the securities markets resemble the movement of a pendulum. . . ., It’s highly applicable to the market tremor that inspired this memo.
Coming into Focus
All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: Coming into Focus Roughly two months have passed since my last memo, Time for Thinking, and still not much has changed in the economy or the markets., Thus, I’m going to use this memo to go into greater detail on a few topics., I touched on a few of them in my last memo, but I’m going to undertake a fuller treatment of the subject here., Further Exposing Inequality Especially in this environment of heightened attention to social and racial justice, I can’t end this memo without touching on some of the many ways in which the recent experience has shed additional light on inequality in our society: • People further down the economic ladder have had less in terms of financial resources to fall back on during the lockdown, and they generally haven’t benefitted from the increase in asset prices that’s been driven by the reduction of interest rates
Transcript - The Insight Conversations - Howard Marks and Annie Duke
Howard’s 2020 memo, Yo u B e t !, This idea also features quite prominently in Howard’s memo, Yo u B e t !, I took a look at the memo, Yo u B e t !, Howard I was going to say it was the last memo before lockdown., What I said in the memo was, it’s easy to predict what you think is going to happen.
Growing the Pie
Most of my January memo, Political Reality Meets Economic Reality, was devoted to fretting over the rise of populism from the left and the resulting anti-capitalist sentiment, and it has risen further since., In the January memo, I set forth my view that in the last 10-20 years, the rising economic tide had stopped lifting all boats., Ray Dalio and Bridgewater actually beat my memo by two days, publishing on January 28 an excellent note titled Populism + Weakening Economy + Limited Central Bank Power to Ease + Elections = Risky Markets and Risky Economies., In my January memo, I argued at length that capitalism can be credited with much of what made the United States what it is today., A lot of readers enjoyed the story in my January memo about the ten men who drank beer in a bar every night, with each paying according to his ability.
The Rewind - You Can't Predict. You Can Prepare.
Howard looks back on this memo, originally published on November 20, 2001.