246 results for "memo":

Showing 51 - 60 of 246 results

The Seven Worst Words in the World

Rather, the goal of the book, as with my memos, is to share how I think, this time on the subject of cycles., One of the memos I’m happiest about having written is The Race to the Bottom from February 2007., Thus the idea for this memo came from the seven worst words in the investment world: “too much money chasing too few deals, But these are my conclusions, and they’re the reason for this memo at this time, 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 prompted 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.

Lessons from Silicon Valley Bank

(However, for a caveat, please see this memo’s last few paragraphs.), A Word on Regulation In March 2011, in the aftermath of the GFC, I published a memo called On Regulation ., April 17, 2023 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

Something of Value

I’ve heard a variety of views, and while I have my own, I don’t want to make it the subject of this memo., The Value Mentality in Action Back in 2017, my memo There They Go Again . . ., My conversations with Andrew over the ten months of the pandemic have represented a “voyage of discovery” and culminated in this memo., I hope you’ll find this memo interesting and helpful, and I wish you all the best in 2021., 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.

The Roundup: Top Takeaways From Oaktree's Quarterly Letters - 2Q2022

In today’s uncertain environment, we’re reminded of a quote from Warren Buffett that Howard included in his memos It’s All Good (July 2007) and The Tide Goes Out (March 2008): “It’s only when the tide goes out that you find out who’s been swimming naked.”

Investing in Real Assets Today

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.

Assessing Relative Value in Credit amid Coronavirus Uncertainty

The further we moved away from the GFC, the less the memory of the dramatic volatility from the crisis resonated with investors.

PCQ 4Q2023

As Howard recently noted in his memo Easy Money: Low interest rates made it: • easy to run a business, with the stimulated economy growing unabated for more than a decade; • easy for investors to enjoy asset appreciation; • easy and cheap to lever investments; • easy and cheap for businesses to obtain financing; and • easy to avoid default and bankruptcy.

Coming into Focus

All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: Coming into Focus Roughly two months have passed since my last memo, Time for Thinking, and still not much has changed in the economy or the markets., Thus, I’m going to use this memo to go into greater detail on a few topics., I touched on a few of them in my last memo, but I’m going to undertake a fuller treatment of the subject here., 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