2022年7月霍华德 马克斯备忘录《我不敢苟同》 本文是橡树资本联合创始人霍华德·马克斯(Howard Marks)发于2022年7月26日的备忘录《I Beg to Differ》;原创翻译,主要还是为了自己通读一遍原文,如有错漏还请海涵,欢迎批评指正。以下是正文—— 我写过很多次关于在1969年加入投资行业时的事情,当时“漂亮50”(Nifty ...
A8: China is attempting something very difficult. They had what I call the Chinese miracle. They had 10 percent GDP growth a year for a few decades when they were coming into the modern era. A lot of that or some of it was built on stimulus. You can't stimulate your way to growth ...
Howard Marksis a renowned investor and one of the most successful investment managers of our time. Specializing in distressed debt investments, Marks has built his illustrious career by analyzing and capitalizing on undervalued assets. His ability to navigate complex markets and anticipate market trends...
Why economies cycle between better and worse performance is something Marks has thought about a lot. InMastering the Market Cyclehe writes: “The themes that provide warning signals in every boom/bust are the general ones: that excessive optimism is a dangerous thing; that risk...
Tanvir: So then where is it? Where's the value according to Howard Marks? Howard: You can't compute the value of other analysts have gone gold. Where is value? Well look. We do like the emerging markets mainly because most people don't. And in the investing busines...
Marks Sr. argued that innovative investment instruments, such as digital assets, are prone to receive skepticism. This is even more valid when they first emerge, and only “a few believe in something that seems absurd when compared to the deeply entrenched status quo.” ...
cheaper and it's reasonable to do some buying. If it goes lower, do more buying," Marks told CNBC's Tanvir Gill. "There's no argument for spending all your money now, but there's also no argument for not spending any of your money now. I would do something moderate, in between...
First up isSTORE Capital Corp(NYSE:STOR), in which Marks now has an 82.15 million share stake valued at $1.78 billion. That position totals 18.97% of the value of his entire equity portfolio. In this case, there’s a good reason for the bullish ownership, which ...
would understand something of the risk. She’d have hidden herself from notice, determined to give birth in her own country. I remark: “If Rachel is right, we could run a safe midwifery service out here for selected patients who had normal pregnancies.” This provokes a passionate response...
Memo to: From: Re: Oaktree Clients and Friends Howard Marks Are You An Investor or a Speculator? All of Oaktree's activities follow from our conviction that what matters most in determining the success or failure of an investment isn't whether it's in a fast-growing company, a desirable...