295 results for "memo":
Showing 211 - 220 of 295 results
What Worries Me
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 : What Worries M e E s p e c i a l l y i n t i mes like these, people often ask what keeps me up at night., I’m not going to spend this memo discussing things as mundane as investment cycles, or as cosmic as environmental deterioration, global warming or terrorism., I hope this memo will be well received., But I hope this memo will raise some questions in readers’ minds and contribute to constructive debate., * * * I hope you’ll consider this memo constructive, and that it’ll inform or inspire debate.
Returns and How They Get That Way
Memo to: Oaktree Clients From: Howard Marks Re: Returns and How They Get That Way "Where do babies come from?", The Role of Luck To end this memo on returns, I want to spend a few pages discussing the part played by randomness (or luck or chance).
What's Behind the Downturn
Memo to: OaktreeClients From: Howard M a r k s R e : What’sBehindtheDownturn?, Thus I decided to take the occasion of my summer vacation to write a memo parsing the recent events and touching on the outlook.
I Beg to Differ
The Essential Difference In 2006, I wrote a memo called Dare to Be Great., Many years have passed since I wrote that memo, and the investing world has gotten a lot more sophisticated, but the message conveyed by the matrix and the accompanying explanation remains unchanged., Talk about simple – in the memo, I reduced the issue to a single sentence: “This just in: You can’t take the same actions as everyone else and expect to outperform.”, Thus, in 2014, I followed up on 2006’s Dare to Be Great with a memo creatively titled Dare to Be Great II., And yet, as I mentioned in my January memo, Selling Out, the S&P 500 has returned about 10½% a year on average over that century-plus.
Gimme Credit (Audio)
In his latest memo, Howard addresses a common question he’s been receiving over the last few months: “what about credit spreads?”
Cockroaches in the Coal Mine (Audio)
In his latest memo, Howard Marks examines the recent string of well-publicized credit problems.
Is It a Bubble? (Audio)
In his latest memo, Howard Marks addresses the much-asked question, “Is there a bubble in AI?”
Cockroaches in the Coal Mine
As I mentioned in my memo Gimme Credit in March, the thing people have asked me about most often over the last few years is private credit., As I pointed out in my memo What Does the Market Know?, Investors’ risk tolerance grows, and they tend to focus less on due diligence and more on bidding aggressively for deals (see my memo The Race to the Bottom, February 2007)., One I haven’t mentioned since my memo The Long View in 2009 is the “bezzle,” a concept Galbraith introduced in his book The Great Crash 1929.
Time for Thinking
My memo writing followed suit: one a week for the first six weeks, and a total of ten over 18 weeks., After starting off at that rapid clip, I haven’t issued a memo in more than a month – which might seem like a long interval until you realize the norm in recent years has been only one per quarter., All Rights Reserved Follow us: the end of this memo for postscript in which I discuss the significance of that reported 32.9% decline.), And in a memo on this subject in June of last year, I wrote, “in areas like technology and digital business models, I’d bet things will be different more than the 20% of the time Templeton cited.”, However, thinking about the results in connection with writing this memo raised some questions: • I had immediately assumed Q2 GDP was down $1.81 trillion, or 32.9%, from Q2 of last year.
All That Glitters
A l l R i g h t s R e s e r v e d 1 Memo to: OaktreeClients From: Howard M a r k s R e : AllThatGlitters In 1952, Noah S., Thus it serves well to introduce the topic of this memo: gold.