298 results for "memo":
Showing 71 - 80 of 298 results
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.
Fewer Losers, or More Winners? (Audio)
In his latest memo, Howard Marks discusses the essential choice in both investing and sports.
A Case in Point
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 : ACaseinPoint Lastmonth, my memo “There They Go Again” discussed investors’ propensity to repeat certain classic mistakes., Needing a new “gig,” Thorp turned his attention to another field in which subjective judgment could be improved upon through computer simulation: convertible arbitrage (I’ll bet you were wondering what blackjack had to do with the subject of this memo)., Anyway, this isn’t a memo about convertible arbitrage, but about investors’ persistent mistakes.
It Is What It Is
A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: HowardMarks Re: ItIsWhat It Is My first exposure to the phrase that serves as the title for this memo came in 1995, a few days before Oaktree opened its doors., I took Peter’s use of the phrase in 1995 – and I’m using it in this memo – to mean something very different: recognition and acceptance of today’s givens . . . but not necessarily of the end result., In November 2004 I wrote a memo entitled “Risk and Return Today.”, Mark Cutis of Shinsei Bank sent me his memo entitled, “Market of no fear!”, I think a few of them – plus some comments from Warren Buffett’s latest annual report – can be woven into something of relevance to this memo and of interest to you.
Easy Money
I received excellent feedback on the memo from clients – encouragement that pro mpted 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 Role of Confidence
That’s what this memo is about., Confidence Today Back in September, I wrote a memo entitled “On Uncertain Ground.”, In mid-2007 I was working on a memo with the projected title “The Mother of All Cycles.”, In the memo I complained that every asset class, every asset and every region was appreciating., Thus that memo was followed by “It’s All Good . . .
The Rewind - Uncertainty
Howard reflects on this memo originally published on May 11, 2020.
Bull Market Rhymes (Audio)
Howard Marks’s latest memo explores recurring investment themes to contextualize the current market correction and the bull market that preceded it.
The Indispensability of Risk (Audio)
In his latest memo, Howard Marks considers what chess can teach investors about the paradox of risk-taking.