Howard Marks memo - 20150608 - Risk revisited again

[kiwing100]

 

 

http://www.oaktreecapital.com/MemoTree/Risk%20Revisited%20Again.pdf

[dcollon]

Thank you

[AzCactus]

Thanks---looking forward to reading it. 

[Pelagic]

Thank you for sharing that, I always look forward to reading Marks' memos.

 

I found his strategy that uses 3-1 leverage to enhance yield on senior debt interesting. I understand it's just one of Oaktree's strategies but it's interesting to see Marks so candidly levering up to achieve higher yields. Must be nice to have secure, long-term financing to pursue strategies like that with.

 

 

[KinAlberta]

Yes thanks for posting. A good read.