298 results for "memo":
Showing 61 - 70 of 298 results
Shall We Repeal the Laws of Economics? (Audio)
In his latest memo, Howard Marks discusses the economic facts of life, as he examines the workings of free markets and what happens when they’re tampered with.
A Look Under the Hood (Audio)
In his latest memo, Howard Marks offers observations based on his meeting with the board, consultant, and senior staff of a state pension fund.
The Value of Predictions, or Where'd All This Rain Come From?
A l l R i g h t s R e s e r v e d Memo to: Clients From: HowardMarks,TCW Re: TheValueof Predictions, or Where'd All This Rain Come From?, The motivation for this memo came as I considered the extraordinary amount of precipitation the West has experienced this year -- and newspaper articles of a couple of months ago.
Risk
A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: HowardMarks Re: Risk T h e r e a d i n g materials for a meeting of a corporate board on which I sit – and what turned out to be an eight-hour meeting of the audit committee (thank you, Messrs., But I think that tells so little of the story that I’ve decided to devote an entire memo to the subject of risk. 0BUWhy Does Risk Matter?, Rick Funston said in the article that prompted this memo, “. . . you need comfort that the . . .
Will It Work?
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 : Will It Work?, As has happened before, his question elicited a fatherly response that grew into this memo., The “I know” school (which first appeared in a memo in 2001) is still making predictions.
The Pendulum in International Affairs
The following is only a partial list of my writings on the subject: My second memo, written in April 1991, was creatively titled First Quarter Performance., My very first memo, The Route to Performance, resulted from two events I witnessed in short order, the juxtaposition of which led to what I thought was an important observation., At a recent meeting of the Brookfield Asset Management board, a discussion of Ukraine triggered an association with another aspect of international affairs – offshoring – which I first discussed in the memo Economic Reality (May 2016)., Thus the inspiration for this memo., But I think juxtaposing them is informative . . . and worthy of a memo.
Thinking About Macro
To invert the Buffett quote that began this memo, the macro future may not be knowable, but it certainly is important., That’s why I’m devoting a memo to a subject I largely disavow., As a result, I wrote a memo saying the market needed a trip to a psychiatrist (On the Couch, January 14, 2016)., I concluded my 2016 memo What Does the Market Know?, The answer lies in the title of a 2001 memo of mine: You Can’t Predict.
Easy Money
I received excellent feedback on the memo from clients – encouragement that prompted the many memos that have followed., I thank Zach Kessler, a regular memo reader, for sending it., The relevance of The Price of Time to the trends I’ve been discussing for the last year occasions this memo, As I asked at the time in my memo There They Go Again . . ., Thus, I wrote as follows in my memo You Can’t Predict.
The Rewind - Something of Value
Howard reflects on this memo, originally published on January 11, 2021, with his son Andrew Marks.
Thinking About Macro (Audio)
That’s why Howard has devoted his latest memo to a topic he largely disavows: macro forecasting.