2015-10-22-inspiration-from-the-world-of-sports

They’re illuminating as well as fun, and thus they’ve prompted two past memos: “How the Game Should Be Played” (May 1995) and “What’s Your Game Plan?”, It was Yogi’s passing in late September that inspired this memo., I’ve cited Yogi’s statements in previous memos, and I borrowed the Yogi-ism at the top of the list above for the title of one in 2012., The Victor’s Mindset It often seems that just as I’m completing a memo, a final inspiration pops up., This memorandum is being made available for educational purposes only and should not be used for any other purpose.

special-editions-navigating_cycles

Any offer of securities or funds may only be made pursuant to a confidential private placement memorandum, subscription documents and constituent documents in their final form.

Walking into the Unknown_Transcript

Looking over that year of memo writing, does anything jump out at you?, So if you look at the memos over time, there’s Dare to Be Great I, Dare to Be Great II., Nancy always says that all the memos are the same, but the truth is that there are only so many things to say., David The biggest theme, I think, of this year and the thing that I think people are going to look back on a year or so from now and talk about how amazing it was, and I’ll steal the theme from Howard’s Sea Change memo, but really, you have the ability to buy debt with an equity-like prospective return.

Sea Change

Regular readers of my memos know that my observations regarding the investment environment are primarily based on impressions and inferences rather than data., People who came into the business world after 2008 – or veteran investors with short memories – might think of today’s interest rates as elevated., December 13, 2022 Legal Information and Disclosures This memorandum expresses the views of the author as of the date indicated and such views are subject to change without notice., This memorandum is being made available for educational purposes only and should not be used for any other purpose., This memorandum, including the information contained herein, may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of Oaktree

The Memo: Risk Revisited Again

The Memo: Economic Reality

Behind the Memo - The Illusion of Knowledge

Behind the Memo - Sea Change

Insights

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1999-04-15-hows-the-market

A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: HowardMarks Re: How's the Market?, A l l R i g h t s R e s e r v e d Legal Information and Disclosures This memorandum expresses the views of the author as of the date indicated and such views are subject to change without notice., This memorandum is being made available for educational purposes only and should not be used for any other purpose., This memorandum, including the information contained herein, may not be copied, reproduced, republished, or posted in whole or in part, in any form without the prior written consent of Oaktree.