351 results for "Howard Marks":

Showing 211 - 220 of 351 results

On Bubble Watch

All Rights Reserved Follow us: M emo to: Oaktree Clients From: Howard Marks Re: On Bubble Watch Exactly 25 years ago today, I published the first memo that brought a response from readers (after having written for almost ten years without receiving any)., (Emphasis added) For me, it’s psychological extremeness that marks a bubble.
Fewer Losers More Winner

All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks R e: Fewer Losers, or More Winners?
The Calculus of Value

All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: The Calculus of Value On July 28, I flew to South America on a plane without Wi-Fi, leaving me without email or entertainment.
Performing Credit Quarterly 1Q2023: Flight Risk

As our co-chairman Howard Marks noted in his most recent memo: When investors think things are flawless, optimism rides high and good buys can be hard to find.
Performing Credit Quarterly 1Q2024: Unusually Uncertain

” – Howard Marks, recent market outlook for clients The market rally that began roughly five months ago recently stalled, primarily due to stickier-than-expected inflation and indications that the U.S. may get two or fewer interest rate cuts in 2024, as opposed to the six investors were pricing in earlier in the year – risks we highlighted in January when we noted that “the prevailing market narrative for the coming year demands a level of optimism that may be bordering on credulousness.”, High yield bond spreads are still hovering around the low end of their normal range, over 35% of U.S. leveraged loans are trading above par, and the S&P 500 Index is up over 20% in the last 12 months.1 How does one square the robust performance we saw in the five months through March with the uncertainty that our co-chairman Howard Marks is describing above?, We didn’t point this out because we thought the market was set to experience a meltdown; we highlighted it because – as Howard has long said – “no matter how good the fundamental outlook is for something, when investors apply too much optimism in pricing it, it won’t be a bargain.”, In other words, the opportunity cost of patience appears to have declined. (3) Investors should focus on long-term trends in interest rates, not short-term changes We’ll conclude with a quote from Howard Marks’ recent note to clients: This is a good time for me to issue a reminder that the Fed’s individual interest rate manipulations are an example of short-term events that lack long-term significance.
Are You An Investor or a Speculator

 Memo to: Oaktree Clients and Friends From: Howard Marks Re: Are You An Investor or a Speculator?
The Indispensability of Risk_SC

 备忘录： 致橡树资本（ Oaktree ）的客户 发信人： 霍华德·马克斯（ Howard Marks ） 主题： 富贵险中求 通常，对于我们感兴趣的事物，最佳的理解方式是通过类比，即将其与生活中的其他方面联系起 来，以便更容易阐明。
The Indispensability of Risk_TC

 備忘錄： 致橡樹資本（ Oaktree ）的客戶 發信人： 霍華德·馬克斯（ Howard Marks ） 主題： 富貴險中求 通常，對於我們感興趣的事物，最佳的理解方式是通過類比，即將其與生活中的其他方面聯繫起 來，以便更容易闡明。
Latest Thinking

All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: Latest Thinking Travel to clients abroad and preoccupation with my coming book on cycles (final draft submitted just the other day) have combined to keep me from writing a memo since September, but fortunately not from thinking., This was epitomized by the TV commentator who reported, “Howard Marks says it’s time to get out.”
The Impact of Debt_SC

 备忘录： 致橡树资本（ Oaktree ）的客户 发信人： 霍华德·马克斯 （ Howard Marks ） 主题： 债务的影响 我的合伙人布鲁斯·高树 （ Bruce Karsh ）最近向我分享了一篇关于国际象棋的报纸文章，我以此 为灵感写下了短篇备忘录《富贵险中求》 （ The Indispensability of Risk ） 。