Howard Marks

Howard Marks

Last Update: 2014-11-13

Number of Stocks: 78
Number of New Stocks: 13

Total Value: $6,036 Mil
Q/Q Turnover: 16%

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

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Howard Marks: The Lesson of Oil Howard Marks - Howard Marks: The Lesson Of Oil
Oaktree Capital's Howard Marks (Trades, Portfolio) just released his memo: "The Lesson of Oil". His memos are must reads: More...

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Howard Marks Wouldn't Touch Russia With A Ten-Foot Pole Howard Marks - Howard Marks Wouldn't Touch Russia With A Ten-Foot Pole
Russian government debt now yields 17%. Howard Marks (Trades, Portfolio) isn't interested. More...

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Howard Marks – CFA Presentation: Dare To Be Great Howard Marks - Howard Marks – CFA Presentation: Dare To Be Great
Oak Tree's Howard Marks (Trades, Portfolio) presented to the CFA Institute this week and focused his talk on the following subjects: More...

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Howard Marks Buys 13 New Stocks in Q3 Howard Marks - Howard Marks Buys 13 New Stocks In Q3
Howard Marks (Trades, Portfolio) is the co-chairman of Oaktree, a firm with $93 billion in assets whose primary focus is risk control. He is also famous for regularly penning memos. In his September memo, “Risk Revisisted,” he wrote: More...

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Oaktree's Howard Marks Thinks Chinese Stocks Are Attractive Howard Marks - Oaktree's Howard Marks Thinks Chinese Stocks Are Attractive
Oaktree's Howard Marks (Trades, Portfolio) thinks that Chinese stocks remain attractively valued. With all of the talk of a Chinese real estate bubble and weak Chinese economy, most investors wouldn't be looking to buy Chinese stocks. More...

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Howard Marks Remarks Before Questions And Answers Howard Marks - Howard Marks Remarks Before Questions And Answers
Howard Marks (Trades, Portfolio) Chairman of Oaktree Capital Group remarks before Questions & Answers with wall street analysts. More...

HOWARD MARKS,VALUE INVESTING, LONG-TERM,OAKTREE CAPITAL GROUP,


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Howard Marks: Questions and Answers On Today's Conference Call
Howard Marks (Trades, Portfolio), chairman of Oaktree Capital Group (OAK): Questions and answers today from a conference call with investors and Wall Street analyists. More...

HOWARD MARKS,OAKTREE CAPITAL GROUP INC.,


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Is Walmart Still a Profitable Giant? Howard Marks - Is Walmart Still A Profitable Giant?
Every dollar invested in Walmart (WMT) on January 13, 1978, would have been multiplied by nearly 976 times today. Walmart is one of the most succesful business stories in America, and that’s exactly what makes it the perfect study case. More...

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A Hedge Fund Exposed to China-based Companies
Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Shah Capital Management LLC. More...

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Howard Marks on Taking the High Road in Business and Investing
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HOWARD MARKS, Video


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Second-Level Thinking From Another Angle Howard Marks,Charlie Munger - Second-Level Thinking From Another Angle
In my last article I talked about how we could cultivate the routine of asking probing questions in order to think on another level. Asking the question “who doesn’t know that” is an idea I got from Howard Marks (Trades, Portfolio). While I think that is a good approach, I would also like to address this second level thinking idea from another angle, which I am fortunate enough to learn from one of the book recommendations from my hero Charlie Munger (Trades, Portfolio). This book is called Living Within Limits by Garrett Harding. More...

CHARLIE MUNGER, HOWARD MARKS


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A Few Thoughts on Second-Level Thinking Howard Marks,Warren Buffett - A Few Thoughts On Second-Level Thinking
In Chapter One of the Howard Marks (Trades, Portfolio) famous book The Most Important Thing, Howard talks about the importance of second-level thinking. To achieve better returns, you need “either good luck or superior insight.” Not only do you have to think differently, but also you have to think better. More...

BNSF, HOWARD MARKS


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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


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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...

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Howard Marks on Taking the High Road in Business and Investing
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HOWARD MARKS


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Howard Marks - A Formula Is Different from an Approach
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HOWARD MARKS


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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...

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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...

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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...

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User Comments

Goforit
ReplyGoforit - 9 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 - 9 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.

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