Silly CFOs If you wonder why you don’t read too many negative analyst reports in the market this is typically a reason why Chris Lee can be seen standing over a seated Timothy Lam and ordering him to leave the conference room on Wednesday. Lam initiated coverage on PAX Global’s stock in April with an […]
Read More →As always, an incredibly enjoyable read! I still need to re-read this a few more times but here are some snippets and a link to the rest of the memo “Everyone knew” for years that the Chinese economy had been overstimulated with cheap financing, and that this had led to excessive investment in fixed assets. […]
Read More →Not many papers can match his thoughts and insights and whilst this one is the must-read that last month’s was, he does take a step further utilising sports as an analogy for his analysis on investments, here’s the conclusion and a link to the rest of the memo, enjoy! For most participants, success is likely […]
Read More →…he said something about investing that I keep going back to: “It’s not supposed to be easy. Anyone who finds it is easy is stupid.” Source: Oaktree Capital Sit back, grab a cup of coffee and be prepared to spend your whole morning reading, re-reading, and highlighting this latest memo from Howard Marks.
Read More →I love his memo’s and his latest one is as much of a gem as all his previous ones, Howard Marks has always been able to describe investing, the markets in such a simple and easy to understand manner. Source: Oaktree I’ll just add personal thought on liquidity that is mentioned in brief in the […]
Read More →Another wonderful memo from Howard Marks of Oaktree Capital There are a few points that I forced my whole team to adhere to: Most Great Investments begin in discomfort You have to give yourself a chance to fail You miss 100% of the shots you don’t take and see this snippet below that perfectly encompasses […]
Read More →Howard Marks of Oaktree Capital Management has come out with another must read memo, here he covers the role of luck, the effort of a team, and looking at inefficient markets, see below for excerpt and a link to the pdf At that point, an uncle pulled him aside and doled out some advice. “Jim, […]
Read More →This week’s latest memo from Howard Mark’s of Oaktree Capital is a must read, as opposed to most articles which are about “Bubble! Bubble!” or “This is 2007!”, there is a far more nuance and thought in his analysis and I’ll show this short quote below, and highly recommend you read the rest of his […]
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