306 results for "memo":

Showing 51 - 60 of 306 results

Risk Revisited Again

Also in 2006 I wrote Risk, my first memo devoted entirely to this key subject., This memo adds to what I’ve previously written on the topic., What Risk Really Means In the 2006 memo and in the book, I argued against the purported identity between volatility and risk., While writing the original memo on risk in 2006, an important thought came to me for the first time., Beginning on page 9, you’ll find a section borrowed from a memo I wrote back in 2007.
Whats Going on in Private Credit

 © 2026 Oaktree Capital Management, L.P All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: What’s Going on in Private Credit?, As Armen, Bob, and Craig wrote in a recent internal memo: 6 © 2026 Oaktree Capital Management, L.P., As I wrote in my 2016 memo What Does the Market Know?, As I mentioned a year ago in my memo, Gimme Credit, whereas for a few years the most popular question has been “can we talk about private credit?”, In December 2022, I wrote a memo called Sea Change.
Fewer Losers, or More Winners? (Audio)

In his latest memo, Howard Marks discusses the essential choice in both investing and sports.
Thinking About Macro (Audio)

That’s why Howard has devoted his latest memo to a topic he largely disavows: macro forecasting.
The Rewind - Something of Value

Howard reflects on this memo, originally published on January 11, 2021, with his son Andrew Marks.
Shall We Repeal the Laws of Economics – Part III (Audio)

In his latest memo, Howard Marks discusses recent attempts to rein in long-dated government bond yields.
Inspiration from the World of Sports

All Rights Reserved Memo to: Oaktree Clients From: Howard Marks Re: Inspiration from the World of Sports I’m constantly intrigued by the parallels between investing and sports., In the latter memo, I listed five ways in which investing is like sports:  It’s competitive – some succeed and some fail, and the distinction is clear, It was Yogi’s passing in late September that inspired this memo., This memo gives me a chance to discuss an invaluable clipping on the subject that I collected nine months ago and have been looking for an occasion to mention., The Victor’s Mindset It often seems that just as I’m completing a memo, a final inspiration pops up.
The Impact of Debt

All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: The Impact of Debt My partner Bruce Karsh recently supplied me with a newspaper article about chess that inspired me to write a brief memo called The Indispensability of Risk., The response to the memo was favorable, hopefully because people found the content valuable, but quite possibly because it was only three pages long versus the usual ten to twelve., Thus encouraged, I’m following up with another short memo., (Unless otherwise indicated, this memo is the source of the quotations that follow; in all cases, emphasis is in the original.), In that memo, I used a series of simple graphics to show that the lower a company’s debt load is, the greater the decline in fortune it could survive.
What Really Matters? (Audio)

In his latest memo, Howard Marks weaves together some of the themes he’s explored in 2022 to explain what he believes really matters in investing and what doesn’t.
2020 in Review (Audio)

Howard Marks writes in his latest memo about approaching the investment environment left in 2020’s wake – one generating many questions and no easy answers.