Warren Buffett once said: “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” Earlier this week, Marks held an AMA (ask me anything) for investors. Here are some of the key takeaways of this dialogue with one... Show More
Howard Marks of Oaktree Capital has recently released his updated view on the current market environment. The view of Oaktree is interesting, as they invest across most asset classes and in every part of the capital structure. Show More
When central banks want to help economies grow, they take actions such as reducing the interest rates they charge on loans to banks or, more recently, buying assets. In theory, both of these will add to the funds in circulation and encourage economic activity. The lower rates are, and the... Show More
"To help investors deal with their potential for “human error,” this shrink would prescribe a number of elements that can help with the task. The first essential element in coping with markets’ irrationality is understanding. The importance of psychology and its influence on markets must be recognized and dealt with.... Show More
Howard Marks of Oaktree Capital outlines seven reasons why success in investing requires similar skills to being successful in sports (and sports betting). 1) For most participants, success is likely to lie in discipline, consistency and minimization of error, rather than in bold strokes. 2) In order to be superior... Show More
Howard Marks, the Chairman of Oaktree Capital revisits and extends his previous memos on the subject of risk. Marks says “while volatility is quantifiable and can be an indicator or symptom of riskiness or even a specific form of risk – I think it falls far short as “the” definition... Show More
Stay focused on the big picture. Howard Marks of Oaktree Capital Management, speaking at the Goldman Sachs Financial Services conference this week said I think that the most important single question that any fund manager or portfolio strategist has to answer at any point in time is whether to be... Show More