300 results for "memo":
Showing 271 - 280 of 300 results
A Look Under the Hood
The content of the consultant’s session impressed me so much that I decided to write a memo about it., I’m not disclosing the names of the state and its consultant, for obvious reasons, but I’m very pleased that they agreed to let me use the content of the meeting as raw material for this memo.
The Roundup: Top Takeaways from Oaktree’s Quarterly Letters – September 2025 Edition
Plus, we’ve included an excerpt from Howard Marks’s latest memo. 1 Market Outlook:Worrisome Equity Valuations Howard Marks Co-Chairman A bit over half of the S&P 500’s jaw-dropping 58% two-year total return in 2023-24 was attributable to the spectacular performance of just seven stocks, those of the so-called “Magnificent Seven” – Apple, Microsoft, Alphabet (parent company of Google), Amazon, Meta Platforms (parent company of Facebook), Nvidia, and Tesla.2 These are great companies – some are the best companies ever – and these seven stocks have grown to represent a startling one-third of the total market value of the 500-stock index.
On Regulation
Memo to: Oaktree Clients From: Howard Marks Re: OnRegulation I’ve been asked why there weren’t any memos during the twelve weeks between September 9 and December 1., It pulls together all of the strands of my philosophy into what might be thought of as a super-memo.
The Realists Creed
A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: HowardMarks Re: TheRealist's Creed Early this year, I was asked to write an article for "Trusts & Estates" magazine.
Performing Credit Quarterly 3Q2023: Tails, You Lose?
But, of course, such performance is only possible if managers avoid (or limit) defaults and losses, which is why we believe credit expertise, experience over multiple cycles, and risk control are essential for successful CLO managers. (5) The risk/return calculus for credit versus equity investment may be shifting We’ll give Howard the last word, with an excerpt from his recent memo Further Thoughts on Sea Change: Will asset ownership be as profitable in the years ahead as in the 2009-21 period?
Bubble
A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: HowardMarks Re: bubble.com Thebook"DevilTaketheHindmost" by Edward Chancellor does an excellent job of chronicling the history of financial speculation., * * * I will devote the rest of this memo to what certainly seems to me to be another market bubble.
Transcript - Founders Unplugged
H o w a rd I wrote a memo in, I think it was 2003, called The Most Important Thing, which was a precursor for the book., It said in that memo that the keys to a successful partnership is shared values and complementary skills.
The Long View
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 : TheLongView Manyofmy memos over the last year and a half have touched on the developments in 2003-07 that brought on the current financial crisis., A l l R i g h t s R e s e r v e d 5 Cycles in Long-Term Trends The main thing I want to discuss in this memo is my realization that there are cycles in the long-term trend, not just short-term cycles around it, and we’ve been living through the positive phase of a big one., My last memo was on the subject of leverage and its major role in the crisis we’re all experiencing.
It's Not Easy
All Rights Reserved Memo to: Oaktree Clients From: Howard Marks Re: It’s Not Easy In 2011, as I was putting the finishing touches on my book The Most Important Thing, I was fortunate to have one of my occasional lunches with Charlie Munger., This memo is largely about the challenges they present, • In my memo on liquidity in March, I borrowed an idea from my son Andrew: If you look longingly at the chart for a stock that has risen for twenty years, think about how many days there were when you would’ve had to talk yourself out of selling.
Shall We Repeal the Laws of Economics?
For months, I’ve been saving up clippings for a memo on the above topic, but favorite subjects such as risk, debt, and uncertainty repeatedly jumped the queue, delaying my intended memo until the U.S. election season got into full swing, making it compelling., Another Case in Point: Rent Control The issue that first suggested this memo several months ago was rent control, something I’ve had personal experience with, having lived in an apartment that rented for $92 a month in 1956, when I was ten.