292 results for "memo":
Showing 151 - 160 of 292 results
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.
Walking into the Unknown_Transcript
Looking over that year of memo writing, does anything jump out at you?, David The biggest theme, I think, of this year and the thing that I think people are going to look back on a year or so from now and talk about how amazing it was, and I’ll steal the theme from Howard’s Sea Change memo, but really, you have the ability to buy debt with an equity-like prospective return.
Not Enough
All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: Not Enough Whatever affects one directly, affects all indirectly., I’ve struggled to write this memo, and for that reason it’s late in coming.
How Does an Inefficient Market Get That Way
Well, this memo was occasioned by an article in "Pensions & Investments" reporting consultant SEI's recommendation that pension plan sponsors invest 10% to 30% of their fixed income portfolios in high yield bonds.
The Folly of Certainty
And, with that, I had the subject of this memo: not whether Biden will continue campaigning or drop out – or whether he’ll win if he continues – but rather how anyone can be without doubt., , has supplied an interesting tidbit for this memo on the subject of economists’ conclusions: I use the Philly Fed’s Anxious Index (the probability of a decline in real GDP in the upcoming quarter) as an indicator that a recession has ended., Back in mid-2020, when the pandemic seemed to have become a more or less understood phenomenon, I slowed the pace of my memo writing from the one-a-week pattern of March and April., P.S.: Last summer’s Grand Slam tennis tournaments provided the inspiration for my memo Fewer Losers, or More Winners?, Similarly, this past Saturday’s women’s final match at Wimbledon has provided a snippet for this memo.
More on Repealing the Laws of Economics
In his latest memo, Howard Marks discusses the implications of governmental intervention in economies.
There They Go Again...Again
All Rights Reserved Follow us: Memo to: Oaktree Clients From: Howard Marks Re: There They Go Again . . ., As I tell it, after ten years without a single response, that one made my memo writing an overnight success., Ditto In January 2013, I wrote a memo entitled “Ditto.”, The Seeds for a Boom My son Andrew worked extensively with me in preparing this memo., Most of what remains for the meat of this memo will consist of descriptions of things afoot in the markets today.
The Best of . . .
Howard Marks October 12, 2025 The Route to Performance October 12, 1990 The Route to Performance is the first memo I wrote., The Realist’s Creed May 31, 2002 This memo serves as an acknowledgement that “I don’t know” is often the only reasonable refrain., This memo reflects my thoughts on how investment management clients might best pursue superior results., All That Glitters December 17, 2010 This memo incorporated all my thoughts about investing in gold., This memo explains that buying at a fair price doesn’t generate alpha – it’s buying at an unreasonably low one that does.
Dare to Be Great II
All Rights Reserved Memo to: Oaktree Clients From: Howard Marks Re: Dareto Be Great II In September 2006, I wrote a memo entitled Dare to Be Great, with suggestions on how institutional investors might approach the goal of achieving superior investment results., Most importantly for the purposes of this memo, how will you define success, and what risks will you take to achieve it?, In the memo I mentioned my favorite fortune cookie: “the cautious seldom err or write great poetry.”, This goes all the way back to the beginning of this memo, and each organization’s need to establish its creed., Some of this comes from my last memo, on the role of luck
How Quickly They Forget
Memo to: Oaktree Clients From: Howard Marks Re: How Quickly They Forget In January 2004 I received a letter from Warren Buffett (how’s that for name dropping?), And that’s the point of this memo., Market Conditions Today In May 2005, I wrote a memo entitled “There They Go Again,” complaining that investors were taking excessive comfort from mindless platitude of the type that accompany and abet the creation of every bubble., In particular, in the 30 months following the publication of that memo, high yield bonds went on to return a total of 19.7%., Prudent Behavior in a Low-Return World The 2005 memo I mentioned earlier, “There They Go Again,” proceeded from the discussion of the low and flat risk/return curve contained in “Risk and Return Today” to ponder what investors might do in times of low prospective returns and risk premiums.