260 results for "memo":
Showing 121 - 130 of 260 results
2008-09-24-plan-b
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 : Plan B O v e r t h e l a s t d e c a d e o r t w o , P l a n A c o n s i s t e d o f r e l ying on the free market to maximize economic growth and efficiency (as described in “The Aviary,” May 2008)., * * * The trouble with memo writing at times like these is that there’s always more., A l l R i g h t s R e s e r v e d 9 Legal Information and Disclosures This memorandum expresses the views of the author as of the date indicated and such views are subject to change without notice., This memorandum is being made available for educational purposes only and should not be used for any other purpose., This memorandum, including the information contained herein, may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of Oaktree.
2010-09-10-hemlines
Memo to: OaktreeClients From: Howard M a rks Re: Hemlines While the details change, the pendulum-like fluctuation of investment styles is a constant., This memo will be about recurring patterns, the history of stocks and bonds as I know it, and the adage’s applicability to that history., (Given that I average a memo every couple of months, I find the very idea daunting.), This memorandum is being made available for educational purposes only and should not be used for any other purpose., This memorandum, including the information contained herein, may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of Oaktree
2013-01-07-ditto
Memo to: OaktreeClients From: Howard M a rks Re: Ditto H e r e’s how I started Whad’Ya Know in March 2003: I always ask Nancy to read my memos before I send them out., The truth is, anyone who reads my memos of the last 23 years will see I return often to a few topics., Cycles and Risk This memo is devoted to the cycle in attitudes toward risk., Risk and Return Today (2004 Version) The name of this section served as the title of a memo in October 2004., That memo may have been too early, but it wasn’t wrong.
On the Other Hand
All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: On the Other Hand It often happens that just as I’m about to release a memo, I come across something that absolutely has to be incorporated., I think the topic is very important, so much so that I’m now going to devote a memo to the subject of Fed interest-rate management, A L L R I G H T S R E S E R V E D Legal Information and Disclosures This memorandum expresses the views of the author as of the date indicated and such views are subject to change without notice., This memorandum is being made available for educational purposes only and should not be used for any other purpose., This memorandum, including the information contained herein, may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of Oaktree
Calibrating
All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: Calibrating I set a personal record by writing four memos in the month of March, responding to the rapidly unfolding coronavirus crisis., My roughly quarterly memos pale when compared to the output of Doug Kass, who writes at least daily., My message wasn’t uniform across the four memos, but there were some common threads, Portfolio Positioning One of the benefits I derive from writing my memos is that the more I work on a memo about something, the more it comes into focus., Thus the four March memos gave me a great opportunity to ponder what the events imply for investment behavior.
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., This memorandum is being made available for educational purposes only and should not be used for any other purpose., This memorandum, including the information contained herein, may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of Oaktree
Transcript - The Insight Conversations - Howard Marks and Annie Duke
Howard’s 2020 memo, Yo u B e t !, So today we’re going to be talking about ideas from Annie’s book, from Howard’s memos., 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.
PCQ 1Q2024
(a memo I thought mattered but which garnered relatively little response), the answers to questions about rate cut details aren’t meaningful, as any impact is likely to disappear within a few months.
2023 Oaktree Responsibility Report
Transportation Infrastructure 2023 Oaktree’s Real Estate team began to (a) perform climate risk assessments as part of its diligence process and (b) include a summary of its findings in investment committee memos., Holocaust Memorial Museum in celebration of Jewish American Heritage Month and learned the personal story of a Holocaust survivor.
The LME Wave
In a recent memo revisiting a subject he wrote about 25 years ago, co-chairman Howard Marks outlines why he believes a bubble is more a psychological state than a quantitative calculation: In my view, a bubble not only reflects a rapid rise in stock prices, but it is a temporary mania characterized by – or, perhaps better, resulting from – the following: highly irrational exuberance (to borrow a term from former Federal Reserve Chair Alan Greenspan), outright adoration of the subject companies or assets, and a belief that they can’t miss, massive fear of being left behind if one fails to participate (‘‘FOMO’’), and resulting conviction that, for these stocks, “there’s no price too high.”