On the Other Hand

All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: On the Other Hand It often happens that just as I’m about to release a memo, I come across something that absolutely has to be incorporated., I think the topic is very important, so much so that I’m now going to devote a memo to the subject of Fed interest-rate management, 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

Behind the Memo - I Beg to Differ

Transcript - The Insight Conversations - Howard Marks and Annie Duke

Howard’s 2020 memo, Yo u B e t !, So today we’re going to be talking about ideas from Annie’s book, from Howard’s memos., This idea also features quite prominently in Howard’s memo, Yo u B e t !, I took a look at the memo, Yo u B e t !, Howard I was going to say it was the last memo before lockdown.

PCQ 1Q2024

(a memo I thought mattered but which garnered relatively little response), the answers to questions about rate cut details aren’t meaningful, as any impact is likely to disappear within a few months.

2023 Oaktree Responsibility Report

Transportation Infrastructure 2023 Oaktree’s Real Estate team began to (a) perform climate risk assessments as part of its diligence process and (b) include a summary of its findings in investment committee memos., Holocaust Memorial Museum in celebration of Jewish American Heritage Month and learned the personal story of a Holocaust survivor.

2004-10-06-hedge-funds-a-case-for-caution

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 : HedgeFunds:ACaseforCaution Onceuponatime there was an asset class., UThe New Solution This memo’s about hedge funds., I think they also exhibit many of the traits associated with the venture capital boom described on page one of this memo, including widespread investor participation., A l l R i g h t s R e s e r v e d magnitude of the hedge fund movement, a memo on the subject has become inevitable., This memorandum is being made available for educational purposes only and should not be used for any other purpose.

2005-04-11-oaktree-at-ten

 Memo to: OaktreeClients From: Howard M a rks Re: OaktreeatTen OaktreeCapital Management, LLC opened its doors ten years ago, on April 10, 1995.

2008-08-28-what-worries-me

I hope this memo will be well received., But I hope this memo will raise some questions in readers’ minds and contribute to constructive debate., At Citibank in the mid-1980s if my memory’s correct, CEO Walter Wriston, the world’s top banker, made about $250,000 a year., * * * I hope you’ll consider this memo constructive, and that it’ll inform or inspire debate., This memorandum is being made available for educational purposes only and should not be used for any other purpose.

2010-05-12-warning-flags

The inspiration for today’s memo came as my pile of clippings began to swell with indications that pre-crisis behavior is coming back., This gives me an opportunity to discuss the significance of the recent developments (not the substance, however; that’ll have to await another memo)., Just a few months ago, I published a memo called “Tell Me I’m Wrong” (January 22), in which I listed a number of things that worried me., Here’s how I concluded: My goal in this memo isn’t to express a forecast., This memorandum is being made available for educational purposes only and should not be used for any other purpose.

2010-07-19-its-greek-to-me

 Memo to: OaktreeClients From: Howard M a r k s R e : It’sGreekto Me In the early part of this decade, I reviewed a few books for the Sunday Los Angeles Times., It’s been challenging to organize all I’ve learned and boil it down for a memo, but here it is, was the title of a memo I wrote on March 5, 2009, discussing whether the Obama administration’s rescue plan would be successful., My purpose in writing this memo was to summarize and explain the developments in Europe, and that’s the vein in which I started., This memorandum is being made available for educational purposes only and should not be used for any other purpose.