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New Howard Marks letter


rogermunibond

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  • 8 years later...

 

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

 

 

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