New Howard Marks letter

[rogermunibond]

http://www.oaktreecapital.com/memo.aspx

 

 

[zarley]

Always a great read.  Thanks for posting.

[dcollon]

Thanks for posting the commentary.

 

[Guest ajc]

 

New memo from Howard Marks. I don't usually read much of his stuff towards the early innings or middle of a cycle, but this letter is very good.

He really zeroes in on the themes that matter, and I think correctly identifies a number of dubious perspectives that have lately been awarded far more credit than they're actually worth.

 

https://www.oaktreecapital.com/docs/default-source/memos/this-time-its-different.pdf