Howard Marks

Howard Marks

Last Update: 2014-08-12

Number of Stocks: 71
Number of New Stocks: 7

Total Value: $5,741 Mil
Q/Q Turnover: 7%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Howard Marks' s Profile & Performance

Profile

Chairman of Oaktree Capital Management LP. Since the formation of Oaktree in 1995, Mr. Marks has been responsible for ensuring the firm's adherence to its core investment philosophy, communicating closely with clients concerning products and strategies, and managing the firm.

Web Page:http://www.oaktreecapital.com/

Investing Philosophy

Oaktree Capital is involved in less efficient markets and alternative investments. The firm invests heavily in debt, preferred stocks, and convertible bonds.

Total Holding History

Top Ranked Articles

Howard Marks of Oaktree – What's Behind the Downturn
Re: What’s Behind the Downturn? In May, I observed in “How Quickly They Forget” that investors had returned to pro-risk behavior despite the lingering presence of significant macro worries. And then just three months later, a number of exogenous events caused the markets to undergo a significant decline and one of the greatest paroxysms of volatility ever seen. All of the reasons existed well before. Investors simply hadn’t taken them to heart. Read more...
Buffett Indicator and Shiller P/E Both Imply Long Term Negative Market Returns; 2014 Market Valuation
What a great year it was! The market was up 30%, the best year since the go-go years of 1990s.The good news is that our account balance is higher, investors are more bullish. The bad news is that we will see lower future returns. Read more...
12 Takeaways from Howard Marks’ Recent Memo: It’s All a Big Mistake
Oaktree Capital’s Howard Marks is one of the clearest thinkers on Wall Street. He has excoriated the Efficient market Theory in his regular memos, and has stressed the importance of second level thinking in his memos and book, “The Most Important Thing.” Marks typically releases about a half dozen missives per year, in addition to the firm’s investor letters. On June 20, his most recent memo came out, entitled “It’s All a Big Mistake.” You can get Marks’ memos going back to 1991 on Oaktree’s website. I encourage you to do so. They will make you a better investor. Read more...
The Problem with the Deficit? It’s Not Big Enough
Numerous quotes, commentaries, presentations, and letters by some great investors, such as Whitney Tilson, Howard Marks, and Arnold van den Berg, discuss the deficit, national debt, and the “unfunded entitlement” problems that are supposedly facing our economy. These great investors, who have been successful in analyzing businesses and corporate financial statements, make the mistake of applying their same reasoning directly to the U.S. Federal Government. This type of analysis leads to many errors because of one, crucial, overlooked detail: The finances of the Federal government in no way resemble that of a corporation. It’s like comparing apples to giraffes. Any comparison is illogical, impossible, and nonsensical. Read more...
What is Howard Marks of Oaktree Capital Worried About?
(GuruFocus, January 25, 2010) Oaktree Capital Management Howard Marks recently published a letter to his investors, entitled “Tell me I’m Wrong”. In the letter, Marks treated a subject he usually avoids: the future of the US economy, and in particular, he focused on the negative elements and reminded the reader once again that he is a worrier. Here are the things that worry him: Read more...
» More Howard Marks Articles

Commentaries and Stories

  • Currently 3.33/5

Rating: 3.3/5 (3 votes)

Follow Howard Marks For A Possible Opportunity In Molycorp Howard Marks - Follow Howard Marks For A Possible Opportunity In Molycorp
Molycorp (MCP) announced the successful close of its $400 million financing arrangement with Howard Marks’ Oaktree Capital Management on Sept. 11. The deal gives Molycorp a lifeline that has created a boom or bust scenario as rare earth metal company works to increase production at its Mountain Pass facility. More...

Howard Marks, Molycorp, Oaktree, Oaktree Capital Management


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Leon Cooperman, Howard Marks on Investment Strategy Leon Cooperman, Howard Marks - Leon Cooperman, Howard Marks On Investment Strategy
Leon Cooperman (Trades, Portfolio), chairman and chief executive officer Omega Advisors Inc., and Howard Marks (Trades, Portfolio), chairman and co-founder of Oaktree Capital Management, talk about investment strategy and the outlook for financial markets. Bloomberg's Stephanie Ruhle moderates the discussion at the Bloomberg Markets Most Influential Summit in New York. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Howard Marks on Taking the High Road in Business and Investing
More...

HOWARD MARKS


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Howard Marks - A Formula Is Different from an Approach
More...

HOWARD MARKS


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Use Economic Indicators To Understand The Level Of The Market Warren Buffett,Howard Marks - Use Economic Indicators To Understand The Level Of The Market
The father of value investing, Benjamin Graham, believed that an investor should have an adequate idea of stock-market history, in terms particularly of the major fluctuation in its price level and of the varying relationships between stock prices as a whole and their earnings and dividends, as stated in “The Intelligent Investor.” GuruFocus has plenty of useful tools to help determine the current overall level of the stock market in the “Market” section of the website. More...

  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Howard Marks on Risk Assessment, Market Strategy Howard Marks - Howard Marks On Risk Assessment, Market Strategy
Howard Marks (Trades, Portfolio), chairman of Oaktree Capital Group LLC, talks about assessing market risk, volatility and sentiment. Marks speaks with Stephanie Ruhle and Erik Schatzker on Bloomberg Television's "Market Makers." More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Howard Marks' Latest Memo: Risk Revisited Howard Marks - Howard Marks' Latest Memo: Risk Revisited
Howard Marks (Trades, Portfolio) just released his latest Memo: Risk Revisited. More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

The Sword-Finance, its Sheath-Accounting, and the Shield-Tax Planning: Lesson 1 When to Sell and Investing Tax Tips
More...

VALUE INVESTING, FUNDMENTAL ANALYSIS, TAXES, TAX PLANNING


  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Howard Marks - The Day of Reckoning Is Always Coming, the Only Question Is Where and at What Level
Following the tech bubble collapse and then the housing bubble collapse, investors have learned that it is important to pay attention to macro issues. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Morning Coffee: Real-Time Picks Howard Marks,Mario Gabelli - Morning Coffee: Real-Time Picks
This morning we are going to take a look at the latest Real-Time Picks from the gurus: More...

  • Currently 3.50/5

Rating: 3.5/5 (2 votes)

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Howard Marks' 7 New Stock Buys Howard Marks - Howard Marks' 7 New Stock Buys
Howard Marks (Trades, Portfolio) is the chairman of Oaktree, a management firm with $86 billion in assets. In his most recent memo, “Dare to Be Great II,” he shared a secret to his investing success: More...

  • Currently 5.00/5

Rating: 5.0/5 (14 votes)

A Crash Course in Buying Spin-Offs Edward Lampert,Howard Marks - A Crash Course In Buying Spin-Offs
Following the herd is the surest way of achieving mediocre performance. To produce superior returns, we have two options. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Oaktree's Howard Marks Joins the Milken Institute Panel on Leadership
The video below is the grand finale of the Milken Institute for 2014. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Oaktree's Howard Marks - How an Investor Can Stand Out from the Rest of the Crowd
Howard Marks (Trades, Portfolio) recently wrote a memo titled "Dare to Be Great II." More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Howard Marks Interview: Dare to Be Great? Is The Market Rigged? Howard Marks - Howard Marks Interview: Dare To Be Great? Is The Market Rigged?
Howard Marks (Trades, Portfolio) interview on Bloomberg. Dare to Be Great? Is The Market Rigged? More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Success Often Depends on Choosing the Right Investment Horizon - Tocqueville Asset Management
With Age Comes Wisdom…Before Senility More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Howard Marks Memo: Dare to Be Great Part II
  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Mexico’s Media Landscape is Changing, but Will it Affect Televisa’s Profits?
The Mexican legislative landscape has been changing over the past few months, and last week President Enrique Pena Nieto proposed a bill to rein in the country’s largest industry players, in order to reduce some of their concentrated market power. While Carlos Slim’s America Movil SAB de CV (ADR) (AMX) will likely suffer the most from bill, prohibiting his firm to enter the TV industry until 2016, Grupo Televisa, S.A.B. (TV) will also have to pull back on its market expansion, in order to make room for new market entrants. However, many investment gurus like Pioneer Investments (Trades, Portfolio) and Howard Marks (Trades, Portfolio) remain confident that the TV giant will continue to do well in the future, More...

TELEVISION,PAY-TV,CABLE,MEDIA,MEXICO,BROADCAST CHANNELS,UNIVISION


Add Notes, Comments

If you want to ask a question, or report a bug, please create a support ticket.

User Comments

Goforit
ReplyGoforit - 6 months ago
Also, if you do not have the performance record, then how do you even know that they deserve to be in the Guru list? Maybe they should not be listed?
Goforit
ReplyGoforit - 6 months ago
How are premium members of GuruFocus supposed to evaluate the list of Gurus when more often than not there is no historical performance records. Most of the time the "profile/performance" tab does not have anything on performance. Why not? Maybe it should just be called the "profile" tab. This is very frustrating.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK