The Memo by Howard Marks

The Rewind: On The Couch

Howard reflects on this memo originally published on January 14, 2016. In the first of a two-part series, he analyzes investors’ irrationality and discusses why things that are obvious in investing are usually wrong.You can read the memo <a href="https://www.oaktreecapital.com/docs/default-source/memos/on-the-couch.pdf" rel="noopener noreferrer" target="_blank">here</a> (https://www.oaktreecapital.com/docs/default-source/memos/on-the-couch.pdf).The memo is read by LJ Ganser.

On October 12, 1990, Oaktree Co-Chairman Howard Marks published his first memo to clients. In the decades since, he has periodically released memos reflecting his viewpoint on the investment landscape, as well as more general business insights. On this podcast we'll hear the latest memos by Howard, released in tandem with or shortly after their publication.