Page 46 - Howard Marks News Today

"Nearly a century of free trade and globalization has led to the deindustrialization of America."

Five years ago, the race to be the bank's next CEO was Ted Pick's to lose. But now that wealth management is Morgan Stanley's main driver, can the trading boss deliver?

Investing is much like navigating the wilderness; it needs a set of principles to guide your decisions as you navigate the erratic landscapes of the financial markets. For many, that compass comes in the form...

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

Verbal agreements are great. Written contracts get you paid.

I bumped into her in a London pub and it felt like we were old friends. We spent more time watching Father Ted than talking about her music

Howard Marks discusses Oaktrees's tennets on taking the temperature of the market

When emotional investors take an extreme view of an assets future and, as a result, take the price to unjustified levels, the ‘easy money is usually made by doing the opposite. This is, however, very different from simply diverging from the consensus all the time.

The Greater Your Skill, The More Luck Matters In any activity that involves both skill and luck, such as investing, as skill increases the vagaries of luck play an increasing role in the outcome. Financial author Michael Mauboussin describes this challenge as the Paradox of Skill.

We also take a look at a memo from legendary investor Howard Marks.