305 results for "memo":
Showing 121 - 130 of 305 results
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.
The Pendulum in International Affairs (Audio)
Howard Marks’s latest memo connects two seemingly unrelated trends – Europe’s energy dependence and U.S. offshoring – to explain why the pendulum of companies’ and countries’ behavior may be swinging away from globalization and toward onshoring.
The Rewind - You Can't Predict. You Can Prepare.
Howard looks back on this memo, originally published on November 20, 2001.
The Rewind - Dare to Be Great
Howard reflects on this memo originally published on September 7, 2006.
Knowledge of the Future
All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: Knowledge of the Future As I showed by using it again in last week’s memo, I was impressed by the observation of Marc Lipsitch, Harvard epidemiologist, that there are (a) facts, (b) informed extrapolations from analogies to other viruses and (c) opinion or speculation., I chose the title of this memo because it’s such an oxymoron: there’s practically no such thing as meaningful knowledge regarding the future investment environment., Thus, this memo will be about some things people think they know but may not.
No Different This Time – The Lessons of ‘07
A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: Howard M a r k s R e : NoDifferentThisTime – The Lessons of ‘07 On July 16, I published a memo called “It’s All Good.”, The bullish balloon remained unpunctured as of July 16, and some may have thought my memo unduly pessimistic., I don’t doubt that it is, and for that reason his statement calls to mind a 2005 memo titled “Hindsight First, Please (or, What Were They Thinking?).”, In August 1996, I wrote a memo showing that in the Wall Street Journal’s semi-annual poll of economists, on average the predictions are an extrapolation of the current condition.
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.
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.
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.
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.