Howard Marks

Howard Marks

Last Update: 02-15-2016

Number of Stocks: 61
Number of New Stocks: 9

Total Value: $4,231 Mil
Q/Q Turnover: 5%

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

Macroeconomics and Revisiting Howard Marks' January Memo How Marks assessed conditions when the stock market fell dramatically
It wasn’t long ago people worried that China might set off another global recession. In mid-January, headlines like, “U.S. stocks post worst 10-day start to a year in history,” and ”$1 trillion erased from stocks so far in 2016” showed up on financial websites across the internet. The S&P 500 (SPY) had lost 122 points and 6% in the first 10 days of 2016. Falling oil prices and slowing growth in China were on many investors’ minds. Read more...
Mattress, Roulette or Somewhere in Between: Investing With a Margin of Safety A margin of safety allows portfolios to experience less volatility over any period of time
Does more risk equal more return? Read more...
Howard Marks Raises Stake in Taiwan Semiconductors Guru adds more than 1.9 million shares in 4th quarter
Guru Howard Marks (Trades, Portfolio), Oaktree Capital co-founder, billionaire and author of "The Most Important Thing,"  upped his stake in Taiwan Semiconductors Manufacturing Co. (NYSE:TSM) with the addition of 1,916,718 shares to his portfolio in the fourth quarter of 2015. Read more...
Should We Worry About Another 2008 Crash? The market is facing many challenges it hasn't seen before
The stock market has been quite volatile so far this year. The S&P 500 has dropped from 2043 to only 1829 in the middle of February, then climbed to nearly 1960 at the time of this writing. With the plunge in commodity prices, especially oil along with many unstable events in the world, investors have been worrying about another global financial crisis like the one in 2008. If we got into a similar situation from 2008, the financial world would fall apart and the domino effects will influence the whole global financial system in a very negative way. Read more...
Howard Marks on the Effects of Investor Sentiment Market sentiments can create both bull and bear markets without significant changes in fundamentals
I have discussed investment psychology in my recent article titled “The Lesson of Investors’ Psychology,” about the psychological mistakes that investors often make in their thinking and investing behaviours. In this article, I would like to focus on several important points in Howard Marks (Trades, Portfolio)’ recent memo: “On the Couch,” so that we can learn more from him to avoid mistakes in our investment analysis. Read more...
» More Howard Marks Articles

Commentaries and Stories

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Quality Guru Stocks Include Amgen, Comcast Stocks with high business predictability rating Larry Robbins, Howard Marks, Daniel Loeb - Quality Guru Stocks Include Amgen, Comcast
According to GuruFocus’ All-in-One Screener, the following stocks have a high business predictability rating and at least five gurus are shareholders in the companies. More...

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Macroeconomics and Revisiting Howard Marks' January Memo How Marks assessed conditions when the stock market fell dramatically Howard Marks - Macroeconomics And Revisiting Howard Marks' January Memo
It wasn’t long ago people worried that China might set off another global recession. In mid-January, headlines like, “U.S. stocks post worst 10-day start to a year in history,” and ”$1 trillion erased from stocks so far in 2016” showed up on financial websites across the internet. The S&P 500 (SPY) had lost 122 points and 6% in the first 10 days of 2016. Falling oil prices and slowing growth in China were on many investors’ minds. More...

HOWARD MARKS


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Mattress, Roulette or Somewhere in Between: Investing With a Margin of Safety A margin of safety allows portfolios to experience less volatility over any period of time Warren Buffett, Howard Marks, Seth Klarman - Mattress, Roulette Or Somewhere In Between: Investing With A Margin Of Safety
Does more risk equal more return? More...

VALUE INVESTING, MARGIN OF SAFETY, SETH KLARMIN, HOWARD MARKS, BENJAMIN GRAHAM


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Howard Marks Raises Stake in Taiwan Semiconductors Guru adds more than 1.9 million shares in 4th quarter Howard Marks - Howard Marks Raises Stake In Taiwan Semiconductors
Guru Howard Marks (Trades, Portfolio), Oaktree Capital co-founder, billionaire and author of "The Most Important Thing,"  upped his stake in Taiwan Semiconductors Manufacturing Co. (NYSE:TSM) with the addition of 1,916,718 shares to his portfolio in the fourth quarter of 2015. More...

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Howard Marks and The Few Eternal Truths A memo written after the dot-com bubble burst Howard Marks - Howard Marks And The Few Eternal Truths
Just after the dot-com bubble burst in 1999, Howard Marks (Trades, Portfolio) wrote his impressions on where the market would go and what were the most rational steps an investor could follow. It is important to note that Marks never mentioned where the market would go, just that the eternal truths of investing would become critical to navigate through uncertainty. More...

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Should We Worry About Another 2008 Crash? The market is facing many challenges it hasn't seen before Howard Marks - Should We Worry About Another 2008 Crash?
The stock market has been quite volatile so far this year. The S&P 500 has dropped from 2043 to only 1829 in the middle of February, then climbed to nearly 1960 at the time of this writing. With the plunge in commodity prices, especially oil along with many unstable events in the world, investors have been worrying about another global financial crisis like the one in 2008. If we got into a similar situation from 2008, the financial world would fall apart and the domino effects will influence the whole global financial system in a very negative way. More...

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Rating: 5.0/5 (2 votes)

Howard Marks on the Effects of Investor Sentiment Market sentiments can create both bull and bear markets without significant changes in fundamentals Howard Marks - Howard Marks On The Effects Of Investor Sentiment
I have discussed investment psychology in my recent article titled “The Lesson of Investors’ Psychology,” about the psychological mistakes that investors often make in their thinking and investing behaviours. In this article, I would like to focus on several important points in Howard Marks (Trades, Portfolio)’ recent memo: “On the Couch,” so that we can learn more from him to avoid mistakes in our investment analysis. More...

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Rating: 4.5/5 (2 votes)

The Lesson of Investors' Psychology Investors should be aware their main enemies are likely to be themselves Howard Marks,Warren Buffett - The Lesson Of Investors' Psychology
Many investors should be aware of the famous saying by Benjamin Graham: "The investor’s chief problem – even his worst enemy – is likely to be himself." More...

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Howard Marks: Investors Dealing With 'Cosmic Issues,' Scared by Donald Trump Oaktree's Marks spoke about the market on Bloomberg Howard Marks - Howard Marks: Investors Dealing With 'Cosmic Issues,' Scared By Donald Trump
Donald Trump has upped the ante on fear-inducing speech from the presidential candidates, contributing to increased apprehension for investors, Oaktree's Howard Marks (Trades, Portfolio) told Bloomberg Thursday morning. Marks also discussed the one-off issues disrupting predictable market cycles, the value of ETFs and the reasons for volatility, among other topics. More...

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Majority of Howard Marks' New Investments Were in Commodity-Related Stocks Oaktree Capital founder buys 5 oil and gas or commodity stocks in 4th quarter Howard Marks - Majority Of Howard Marks' New Investments Were In Commodity-Related Stocks
During the fourth quarter, most of Howard Marks (Trades, Portfolio)’ new investments at Oaktree Capital were commodity stocks, with five out of the nine purchases coming from the sector. More...

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Howard Marks Invests in Banner Corp. After Price Plummets Oaktree Capital founder buys more than 2.5 million shares Howard Marks - Howard Marks Invests In Banner Corp. After Price Plummets
Guru Howard Marks (Trades, Portfolio) is the co-founder of Oaktree Capital, an investment firm that was formed in 1995 by a group of individuals who had been investing together since the mid-1980s in high yield bonds, convertible securities, distressed debt, real estate, control investments and listed equities. Marks is also the author of "The Most Important Thing," which is a great book that focuses on what is important when it comes to making investments. Marks has an estimated net worth of $1.89 billion according to Forbes.com. More...

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Why Most Investors Fail in the Stock Market The world was unstable for more than 3 years. It’s just that, with the market rising, we ignored the situation Howard Marks,Warren Buffett - Why Most Investors Fail In The Stock Market
Throughout the past 30 days of wild volatility, here’s what I didn’t do. More...

FAILURE, RISE HIGHER, FEAR, GREED


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Market Valuations and Expected Returns Jan. 2016 Monthly market commentary from GuruFocus Howard Marks,Steven Romick - Market Valuations And Expected Returns Jan. 2016
The market had its worst January in many years. This has generated quite some fear in the market and has prompted Howard Marks (Trades, Portfolio) written two memos in January: On the Coach and What Does the Market Know? We strongly recommend you to read both if you haven’t done so. More...

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Howard Marks Publishes Memo, 'What Does the Market Know?' Marks' new memo answers questions raised by last week's memo Howard Marks - Howard Marks Publishes Memo, 'What Does The Market Know?'
Howard Marks (Trades, Portfolio), chairman of Oaktree Capital, on Wednesday published another memo in response to questions about his previous memo from last week. More...

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Seth Klarman Comments on a Bad 2015 Guru shares his thoughts in his letter to investors Seth Klarman,Howard Marks,Warren Buffett - Seth Klarman Comments On A Bad 2015
As you might know, some of Seth Klarman (Trades, Portfolio)'s comments from the 2015 Letter to Investors have been disclosed. It is important to note that, since its inception 33 years ago, this is only the third year in which the fund has had a drawback. Overall, the result of its publicly traded positions was a loss of 6.7%, while the private investment portfolio raised 2.4%. Generally, Klarman is very blunt and straightforward in his comments, yet with a great deal of insight and wisdom embedded. More...

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A Few Thoughts About Investing in Cyclicals Peter Lynch and Howard Marks help us understand the nature of cyclical industries Howard Marks - A Few Thoughts About Investing In Cyclicals
After so much pain in the oil sector, I have found that it is very important to understand some of the reasons behind the nature of cyclical industries, and as it turns out, most of the hard work has already been done by some of the greatest investors. After reading through these ideas (and with some hindsight), it becomes clear how we could have avoided important losses while investing in these industries' stocks. More...

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Howard Marks' Firm Oaktree Examines Opportunity in Real Estate Fund explains REITs, private and direct real estate investments Howard Marks - Howard Marks' Firm Oaktree Examines Opportunity In Real Estate
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Seth Klarman on Contrarian Thinking Why a contrarian opinion is not always the best approach Seth Klarman, Howard Marks - Seth Klarman On Contrarian Thinking
As the market keeps suffering losses, several renowned investors have tried to shed some light regarding the direction a true investor must take, such as Howard Marks (Trades, Portfolio) with his most recent memo, "What Does The Market Know?" In times of turbulence, I find it refreshing to re-read some of these investors, and while bear markets are usually when a value investor prefers to enter positions, Seth Klarman (Trades, Portfolio) provides a warning on being contrarian just for the sake of it in his book, "Margin of Safety." More...

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Dissecting Howard Marks' Latest Memo 'On the Couch' Marks brings a contrarian view on China, interest rates and oil Howard Marks - Dissecting Howard Marks' Latest Memo 'On The Couch'
With the recent turmoil in the markets, investors can take great benefit from reading something soothing and objective such as Howard Marks' last memo "On the Couch." While I obviously encourage readers to read the whole document, which is about 16 pages long, I found five paragraphs that are worth not only reading but commenting upon. More...

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Howard Marks Discusses Recent Memo, China, 'Manic Depressive' Market People are going to extremes, Marks says Howard Marks - Howard Marks Discusses Recent Memo, China, 'Manic Depressive' Market
Howard Marks (Trades, Portfolio), co-chairman of Oaktree Capital Group, discusses with Bloomberg when fear is justified and when the pendulum is going too far in either direction. More...

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