298 results for "memo":
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35 Years of Memos - Transcript
But anyway, that caused me to write the memo., Harry So bubble.com put the memos on the map, the next big crisis, seven or eight years later, the global financial crisis, again, I’ll read an excerpt from quite a timely memo Race to the Bottom, written in February 2007., Did you set out thinking, “Every memo should focus on risk, I should be the expert?”, Howard No, I think, Harry, that the themes, common threads that have developed, were never an intention to, “Let’s mention risk in every third memo,” or something like that., And I wrote a memo 25 years ago, plus or minus, called Us and Them talking about there are two schools of thought.
You Can’t Eat IRR
A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: HowardMarks Re: YouCan’tEatIRR Untilratherrecently – certainly up to the early 1980s – “investing” was largely synonymous with “stocks and bonds.”, – Real-Life Example #3 Just as this memo was about to go to print, a friend showed me the 2005 report of a fund of funds and asked what I thought of its performance.
The Tide Goes Out
Memo to: OaktreeClients From: Howard M a r k s Re: TheTideGoesOut Foreveryperiod,there’saquotationwhichservesperfectlytoexplainwhat’s going on, and I often find myself borrowing it., In my December memo “No Different This Time” I listed twelve lessons of 2007.
Touchstones
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 : Touchstones I n t h e t w o - p l u s y e a r s s i n c e t h e o n set of the financial crisis, it’s been a regular theme of mine that we should look back, identify the causes and learn from them., “It’s Only When the Tide Goes Out That You Find Out Who’s Been Swimming Naked” When I came across the above quotation from Warren Buffett, I borrowed it for “It’s All Good” (July 16, 2007) and later devoted an entire memo to it (“The Tide Goes Out,” March 18, 2008).
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.
Liquidity
All Rights Reserved Memo to: Oaktree Clients From: Howard Marks Re: Liquidity My wife Nancy’s accusations of repetitiveness notwithstanding, once in a while I think of something about which I haven’t written much., But I think it’s worth a memo., (Several years ago I cited Wikipedia in a memo, and Oaktree co-founder Richard Masson – a stickler for correctness – told me in no uncertain terms that it wasn’t a respectable source., * * * I started this memo by saying liquidity might not be a profound topic.
You Can't Predict You Can Prepare
A l l R i g h t s R e s e r v e d For the title of this memo I’ve borrowed the tagline from Mass Mutual’s advertising campaign., Memo to: OaktreeClients From: Howard M a r k s R e : YouCan't Predict., I described in my last memo, "What Lies Ahead?, In April 1991 , in just my second general memo to clients, I described the market as follows: The mood swings of the securities markets resemble the movement of a pendulum.
First Quarter Client Performance
A l l R i g h t s R e s e r v e d Memo to: Clients From: Howard M a r k s T r u s t C o mpany of the West Re: FirstQuarter Performance The mood swings of the securities markets resemble the movement of a pendulum.
Now What
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 : Now W h a t ?, And there you have it: five pages devoted to the past in a memo about the future.
The Aviary
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 : The A v i a r y R a t h e r t han dwell this time on a single subject, I want to cover a few., My December memo “No Different This Time” included the following among the key lessons of ‘07: Investment survival has to be achieved in the short run, not on average over the long run.