260 results for "memo":
Showing 221 - 230 of 260 results
2007-07-30-its-all-good-Really
A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: Howard Marks Re: It’s All Good . . ., UThe Seed This memo isn’t about the events of July 2007, but rather how recent events exemplify the time-honored pattern that kicks off the swing back of the pendulum., A l l R i g h t s R e s e r v e d 10 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.
2011-09-07-whats-behind-the-downturn
Memo to: OaktreeClients From: Howard M a r k s R e : What’sBehindtheDownturn?, Thus I decided to take the occasion of my summer vacation to write a memo parsing the recent events and touching on the outlook., 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
Nobody Knows II
All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: Nobody Knows II I wrote most of this memo over this past weekend, on the heels of the tumultuous seven-day correction., So please read this memo as of Sunday afternoon – whatever the markets have done since – and let me show how I assess the recent events, * * * I last used this memo title on September 19, 2008, two days after Lehman Brothers’ bankruptcy filing., I’ve had a ready answer, thanks to something from my January memo, You Bet!, This memorandum is being made available for educational purposes only and should not be used for any other purpose.
Bull Market Rhymes
They’ll be the topic of this memo., I want to mention up front that this memo has nothing to do with assessing the markets’ likely direction from here., The first is the extreme brevity of the financial memory., Memory, prudence, realism, and risk aversion would only get in the way of that dream., This memorandum is being made available for educational purposes only and should not be used for any other purpose.
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., 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 first is the extreme brevity of the financial memory.
Conversation-Conference-2024
I don’t think it should be. 2 Now, the memo focuses on the period from ‘09, at the beginning of which, the Fed took the fed funds rate to zero for the first time in history to fight the Global Financial Crisis, to the end of ‘21 when it gave up on inflation being transitory and decided to raise interest rates, which it did in early ‘22., The memo I put out in January entitled Easy Money was actually inspired by an English financial historian named Edward Chancellor and a book he wrote called The Price of Time.
Transcript_TIOR
1 Transcript Insights Behind the Memo – The Indispensability of Risk with Howard Marks, Bruce Karsh, and Maurice Ashley Anna Szymanski Hello, and welcome to Behind the Memo by Howard Marks., As I mentioned, Howard’s recent memo was based on an article that you wrote, which was adapted from a section of your new book., And as you know, Anna, it inspired me to write a memo uncharacteristically three pages, versus the norm of 10 or 12., And that was the occasion for the memo., In the summer of ‘23, I wrote a memo called Fewer Losers, or More Winners?
Nobody Knows (Yet Again)
I thought I should comment on these developments and the outlook, and the result was a memo called Nobody Knows, published four days later., In March 2020, I reused the title of the 2008 memo for Nobody Knows II, my first memo during the Covid-19 pandemic., Truly nobody knows, and a lot of this memo will be about things we can’t know for sure., As I asked in a memo in September, is it a good idea for nations to try to repeal or resist the laws of economics in an effort to make it otherwise?, This memorandum is being made available for educational purposes only and should not be used for any other purpose.
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.
2020 in Review
Thus, you might end up feeling this memo should have been titled Preview of 2021 rather than 2020 in Review., 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. ©2021 Oaktree Capital Management, L.P.