179 results for "memo":

Showing 1 - 10 of 179 results

Memos

Archived Memos Follow Us 2022 Mar 23, 2022 The Pendulum in International Affairs Jan 13, 2022 Selling Out 2021 Nov 23, 2021 The Winds of Change Jul 29, 2021 Thinking About Macro Mar 4, 2021 2020 in Review Jan 11, 2021 Something of Value 2020 Oct 13, 2020 Coming into Focus Aug 5, 2020 Time for Thinking Jun 18, 2020 The Anatomy of a Rally Jun 11, 2020 Not Enough May 28, 2020 Uncertainty II May 11, 2020 Uncertainty Apr 14, 2020 Knowledge of the Future Apr 6, 2020 Calibrating Mar 31, 2020 Which Way Now?, Memos

1996-07-22-the-value-of-predictions-II-or-give-that-man-a-cigar

A l l R i g h t s R e s e r v e d Memo To: OaktreeClients From: HowardMarks Re: TheValueofPredictionsII(or"GiveThatManaCigar") Date: July22, 1996 In a February 1993 memo entitled "The Value of Predictions," I expressed my negative opinion of attempts to predict the macro-future., I pointed out in my 1993 memo that most of the time, you can't get superior results with inaccurate forecasts or with accurate forecasts that reflect the consensus., 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.

2002-05-31-the-realists-creed

A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: HowardMarks Re: TheRealist's Creed Early this year, I was asked to write an article for "Trusts & Estates" magazine., 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.

2003-10-02-the-feelings-mutual

A l l R i g h t s R e s e r v e d Memo To: OaktreeClients From: HowardMarks Re: TheFeeling's Mutual Throughout the recent, seemingly endless series of scandals, complaints, settlements, indictments and meltdowns involving corporations, auditors, brokerage firms, investment banks and hedge funds, the mutual fund industry remained untouched., 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.

2005-06-06-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., Anyway, this isn’t a memo about convertible arbitrage, but about investors’ persistent mistakes., A l l R i g h t s R e s e r v e d 7 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.

2011-07-21-down-to-the-wire

Memo to: OaktreeClients From: Howard M a r k s R e : DowntotheWire Here are the ingredients in the plot: A problem everyone’s aware of., I’ve decided to devote a memo to the debt issue and its significance., 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

2013-02-21-high-yield-bonds-today

Memo to: OaktreeHighYieldBondClients From: HowardMarksandSheldonStone Re: HighYieldBondsToday Clientsoftenaskforourviewsonthehighyieldbondmarket: “Do we think prices are too high?, (This is in essence what Howard concluded in his most recent memo, “Ditto.”) In this type of environment, superior returns are more likely to be earned through minimizing mistakes than through stretching for yield., Important Legal Information and Disclosures This memorandum expresses the views of the authors as of the date indicated and such views are subject to change without notice., This memorandum is being made available for informational purposes only and should not be used for any other purpose., This memorandum, including the information contained herein, may not be copied, reproduced, republished, posted, transmitted, distributed, disseminated or disclosed, in whole or in part, to any other person in any way without the prior written consent of Oaktree

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.

Investing in Real Estate

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.

The Pendulum in International Affairs

As regular readers of my memos and books know, I’m strongly interested in – you might say obsessed with – the concept of the pendulum., People frequently ask what caused me to start writing memos in 1990., Over the years, many memos have been prompted by connections I sensed between ostensibly unconnected events., Thus the inspiration for this memo., But I think juxtaposing them is informative . . . and worthy of a memo.