Oaktree Capital's Howard Marks (Trades, Portfolio) just released his memo: "The Lesson of Oil". His memos are must reads:
I want to probide a meno on this topic before I - and hopefully many of my readers - head out for year-end holidays. I'll be writing not with regard to the right price for oil - about which I certainly have no unique insight - but rather, as indicated by the title, about we can learn from recent experience
