Howard Marks: AI Hurtles Ahead
by Howard Marks, Co-Chairman, Oaktree Capital Management When I was preparing to write my December memo about artificial…
Howard Marks: Is It a Bubble?
by Howard Marks, Vice-Chairman, Oaktree Capital Ours is a remarkable moment in world history. A transformative technology is…
Howard Marks: Cockroaches in the Coal Mine
by Howard Marks, Co-Chairman, Oaktree Capital Management Pardon the mixed metaphor, but I couldn’t resist. Jamie Dimon, Chairman…
Howard Marks: "A Look Under the Hood"
by Howard Marks, Chairman, Oaktree Capital Management Over the last 56 years, I’ve spent a lot of time…
Howard Marks: The Calculus of Value
by Howard Marks, Chairman, Oaktree Capital Management On July 28, I flew to South America on a plane…
The Case for Core International Equity Exposure
Michael Greenberg, Head of Americas Portfolio Management at Franklin Templeton explains why international equities are no longer a tactical side bet, but a structural core allocation—and how disciplined portfolio construction is becoming the real source of durability
Howard Marks: Nobody Knows (Yet Again)
by Howard Marks, Vice-Chairman, Oaktree Capital On Monday, September 15, 2008, shortly after the close of the New…
Howard Marks: "Gimme Credit"
by Howard Marks, Vice-Chairman, Oaktree Capital The questions I get from clients enable me to understand in real…
Howard Marks: On Bubble Watch
by Howard Marks, Vice-Chairman, Oaktree Capital Exactly 25 years ago today, I published the first memo that brought…
Howard Marks: Ruminating on Asset Allocation
by Howard Marks, Vice Chairman, Oaktree Capital When I travel to see clients and spend entire days discussing…
How Howard Marks Thinks About Risk…And You Should Too
by Lance Roberts, RIA When most people hear the word “risk,” they think about wild market swings, scary…
Howard Marks: "Mr. Market Miscalculates"
by Howard Marks, Co-Chairman, Oaktree Capital In his book The Intelligent Investor, first published in 1949, Benjamin Graham,…
Howard Marks: The Indispensability of Risk
by Howard Marks, Co-Chairman, Oaktree Capital Oftentimes, we’re best able to understand something we’re interested in through analogies…
Howard Marks' Memo: Easy Money
by Howard Marks, Vice-Chairman, Oaktree Capital The backstory: I began writing these memos in 1990 and continued to…
Howard Marks Latest Memo: Further Thoughts on Sea Change
by Howard Marks, Vice-Chairman, Oaktree Capital In May, I wrote a follow-up memo to Sea Change (December 2022)…
Howard Marks: Fewer Losers, or More Winners?
by Howard Marks, Vice-Chairman, Oaktree Capital My memos got their start in October 1990, inspired by an interesting…