35 years of investor wisdom

To celebrate 35 years of Howard Marks’ insightful memos, Oaktree has created 'The Best of...', a curated collection of the ones he considers most impactful. Howard Marks, Co-Chairman & Co-Founder of Oaktree, writes: "These memos fall primarily into two categories. Some set out what I consider the enduring truths of investing – from the need for second-level thinking to the importance of risk control, the inevitability of cycles, and the futility of macro forecasting. Others chronicle the most impactful financial events of the last three decades: the dot-com bubble, the Global Financial Crisis,...