Posted on August 4, 2015
“You can’t predict. You can prepare.” -Howard Marks-
From time to time, we come across a piece, offering a unique perspective that we think our clients may find interesting and refreshing.
Attached is such a letter. Howard Marks, founder of Oaktree Capital Management, drafted this memo to his clients. In addition to building a reputation as an astute money manager, Marks is also highly regarded as a writer for his folksy charm and pragmatic insight, earning high praise from even Warren Buffett.
We hope you enjoy this piece as much as we did!
Disclaimer: Neither Howard Marks nor Oaktree Capital have any affiliation with CAM. The attached letter is being presented for general information and education purposes only and should not be viewed as actual investment advice.
Recent Comments