299 results for "memo":
Showing 281 - 290 of 299 results
It's All Very Taxing
Memo to: OaktreeClients From: Howard M a r k s R e : It’sAllVeryTaxing Theissueissimple: the U.S. government generally spends more than it brings in . . . and recently, a lot more., What’s Fair is Fair This memo got its start as an excuse for me to write about one of my greatest pet peeves: the so-called “fair share.”
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.
Latest Update
All Rights Reserved Follow us: Memo to: Oaktree Clients Only From: Howard Marks Re: Latest Update I’m going to do all I can to provide information and views throughout this crisis, albeit perhaps without the kind of narrative or literary flourish I usually try for.
Performing Credit Quarterly 3Q2022: The Signal and the Noise
As Howard Marks recently wrote in his memo The Illusion of Knowledge, few, if any, investors have the ability to consistently and profitably predict macroeconomic trends.
The Roundup September 2025 Edition
Plus, we’ve included an excerpt from Howard Marks’s latest memo.
Whad Ya Know
A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: Howard M a rks Re: Whad’Ya K n o w ?, UThe Value of Predictions II The P&I survey reminded me of a memo I wrote in 1996 under the above title.
This Time It's Different
All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: This Time It’s Different I first came across the title of this memo in an article titled “Why This Market Cycle Isn’t Different” by Anise C.
Performing Credit Quarterly 4Q2023: The Goldilocks Trap
As Howard recently noted in his memo Easy Money: Low interest rates made it: easy to run a business, with the stimulated economy growing unabated for more than a decade; easy for investors to enjoy asset appreciation; easy and cheap to lever investments; easy and cheap for businesses to obtain financing; and easy to avoid default and bankruptcy.
The Roundup: Top Takeaways from Oaktree’s Quarterly Letters - March 2024 Edition
Private credit based on Oaktree observations in the market, as of February 29, 2024. 3 Oaktree Co-Chairman Howard Marks discussed this view in detail in his recent memo, Easy Money. 4 This refers to the yield-to-two-year-call. 5 Based on Oaktree observations in the market, as of February 29, 2024. 6 Bank of America, as of January 5, 2024. 7 JP Morgan, as of February 14, 2024. 8 Based on estimates from industry peers, as of October 26, 2023. 9 Real Capital Analytics, as of February 29, 2024. 10 Refinitiv Global Focus Convertible Bond Index (USD Hedged), FTSE All-World Total Return Index (Local Currency), as of December 31, 2023. 11 Bloomberg, as of January 31, 2024. 12 BofA Global Research, as of December 31, 2023. 13 BofA Global Research, as of December 31, 2023. 14 MSCI China Index, as of January 31, 2024
Safety First . . . But Where?
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 : Safety First . . .