240 results for "memo":

Showing 101 - 110 of 240 results

The Folly of Certainty

 Memo to: Oaktree Clients From: Howard Marks R e: The Folly of Certainty The impetus for my memos can come from a wide variety of sources., It’ll be another of my “shortie” memos given the potentially limited shelf life of the Biden campaign., One is the extreme brevity of the financial memory. ” I often cite this factor, too., While these memos were on one of my favorite topics, they generated little response., Similarly, this past Saturday’s women’s final match at Wimbledon has provided a snippet for this memo.

2001-09-16-notes-from-ny

A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: HowardMarks Re: Notesfrom New York Maybe you've already read enough about last week's events, in which case you should feel free to discard this memo., I had no plans for a memo on this subject., This memo may not include much that is new to you but, as usual, I will attempt to pull together my own thoughts and what I've heard and read elsewhere., 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.

2004-10-27-risk-and-return-today

A l l R i g h t s R e s e r v e d Memo to: OaktreeClients From: Howard M a rks Re: RiskandReturn Today A single word is enough to describe the overall investment world today: lackluster., In response, I wrote a piece called “The Cat, the Tree, the Carrot and the Stick” as part of my memo “What’s Going On?”, A l l R i g h t s R e s e r v e d 8 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.

2006-09-07-dare-to-be-great

 Memo to: OaktreeClients From: Howard M a r k s R e : DaretoBeGreat Inoneofthemost colorful vignettes of the early 1970s, Glenn Turner, the head of Koscot Interplanetary, would fly into a small Midwestern town in his Learjet (when that was a huge deal)., This memo stems from an accumulation of thoughts on the subject of how investment management clients might best pursue superior results., Typically my thoughts pile up, and then something prompts me to turn them into a memo., * * * I hope this memo won’t come across as preachy.

2007-12-17-no-different-this-time-the-lessons-of-07

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 : NoDifferentThisTime – The Lessons of ‘07 On July 16, I published a memo called “It’s All Good.”, The bullish balloon remained unpunctured as of July 16, and some may have thought my memo unduly pessimistic., And it’ll happen again – because financial memory is short and the attraction of leverage can be irresistible., I don’t doubt that it is, and for that reason his statement calls to mind a 2005 memo titled “Hindsight First, Please (or, What Were They Thinking?).”, This memorandum is being made available for educational purposes only and should not be used for any other purpose.

2008-01-10-now-what

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 : Now W h a t ?, M y memos mostly try to explain what’s been going on in the financial arena and how things got that way., And there you have it: five pages devoted to the past in a memo about the future., 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.

2008-05-16-the-aviary

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 : The A v i a r y R a t h e r t han dwell this time on a single subject, I want to cover a few., “The Race to the Bottom” (February 2007) is one of my favorite memos., My December memo “No Different This Time” included the following among the key lessons of ‘07: Investment survival has to be achieved in the short run, not on average over the long run., 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.

2008-09-24-plan-b

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 : Plan B O v e r t h e l a s t d e c a d e o r t w o , P l a n A c o n s i s t e d o f r e l ying on the free market to maximize economic growth and efficiency (as described in “The Aviary,” May 2008)., * * * The trouble with memo writing at times like these is that there’s always more., A l l R i g h t s R e s e r v e d 9 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.

2010-09-10-hemlines

 Memo to: OaktreeClients From: Howard M a rks Re: Hemlines While the details change, the pendulum-like fluctuation of investment styles is a constant., This memo will be about recurring patterns, the history of stocks and bonds as I know it, and the adage’s applicability to that history., (Given that I average a memo every couple of months, I find the very idea daunting.), 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

2013-01-07-ditto

Memo to: OaktreeClients From: Howard M a rks Re: Ditto H e r e’s how I started Whad’Ya Know in March 2003: I always ask Nancy to read my memos before I send them out., The truth is, anyone who reads my memos of the last 23 years will see I return often to a few topics., Cycles and Risk This memo is devoted to the cycle in attitudes toward risk., Risk and Return Today (2004 Version) The name of this section served as the title of a memo in October 2004., That memo may have been too early, but it wasn’t wrong.