351 results for "Howard Marks":

Showing 271 - 280 of 351 results

Time for Thinking

All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: Time for Thinking In the early weeks and months of the novel coronavirus pandemic and the related shutdown of the economy, the pace of economic and health developments was frenetic.
Gridlock

Trade policy is a new variable for investors to contend with, but as Howard Marks recently reminded us ‘‘there’s no such thing as foreknowledge here, just complexity and uncertainty, and we must accept that as true.’’
PCQ 1Q2024

” – 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 d i d n ’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.”
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?"
Bull Market Rhymes

All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: Bull Market Rhymes While I employ a great many adages and quotes in my writings, my main go-to list consists of a relatively small number.
Ruminating on Asset Allocation_SC

版 权 所 有 关 注 我 们 ： 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： 关于资产配置的思考 当我出差拜访客户并且与他们沉浸式地探讨投资和市场一连数日时，我常常会文思泉涌。
The Pendulum in International Affairs_TC

版權所有 關注我們： 備忘錄：致橡樹資本 (Oaktree) 的客戶 發信人：霍華·馬克斯 (Howard Marks) 主題：國際事務的鐘擺效應 經常閱讀我備忘錄和書籍的讀者朋友們都知道，我非常熱衷（甚至有點沉迷於）鐘擺的概念。
More on Repealing the Laws of Economics

All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: More on Repealing the Laws of Economics Last September, I wrote a memo titled Shall We Repeal the Laws of Economics?
Performing Credit Quarterly 2Q2022: Shifting Gears

Consequently, the yield on the 10-year Treasury note fell by 45 bps between June 13 and June 30, while yield spreads widened across credit asset classes.1 As we assess recession risk and how an economic downturn might impact credit markets, we’re reminded of something Howard Marks recently wrote in his memo Bull Market Rhymes : The price of an asset is based on fundamentals and how people view those fundamentals.
The Illusion of Knowledge

All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks R e: The Illusion of Knowledge I’ve been expressing my disregard for forecasts for almost as long as I’ve been writing my memos, starting with The Value of Predictions, or Where’d All This Rain Come From in February 1993., – Mark Twain As I mentioned in my recent memo Thinking About Macro, in the 1970s we used to describe an economist as “a portfolio manager who never marks to market.”