Howard Marks

Howard Marks

Last Update: 09-01-2017

Number of Stocks: 70
Number of New Stocks: 18

Total Value: $3,869 Mil
Q/Q Turnover: 36%

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

Some Thoughts on Holding Cash As markets reach record highs, investors have questioned whether it makes sense to continue holding cash
The S&P 500 continued climbing in the first half of 2017, with a total return of 9.3% (according to Morningstar). Over the past five years, the compounded return for the index has been nearly 15% per annum (enough to double your money). It’s been a wonderful time to be long U.S. equities. Read more...
Correctly Predicting the Future – and Losing Money Some thoughts on the presidential election and what it says about predicting short-term stock market swings
In the weeks leading up to the U.S. presidential election, there was a pretty clear pattern in the stock market: Anything good for Hillary Clinton’s chances of winning the presidency was good for equities (broadly speaking). If forced to guess, it’s safe to say most investors (including myself) would have called for a pretty substantial selloff if Donald Trump managed to pull off the upset. Read more...
The Importance of Consistency Some thoughts on how to stay intellectually honest over time
In my last article, I briefly discussed Netflix Inc. (NASDAQ:NFLX). I think it might be useful to circle back to that discussion to address the main point I was trying to make. Read more...
'Moneyball', FAANG and Buying Opportunities Some random thoughts after a month off
For me, writing is like riding a bike. When I am putting together a new article every few days, the ideas seem to come easily. On the other hand, when I take a prolonged break, the well runs dry. Read more...
Buy The Dip Thoughts on a recent Bloomberg article
Bloomberg published an article on Monday titled “A ‘Crazy’ Stock Market Is Punishing Sellers.” Here’s a quick summary: The absence of volatility, combined with uninterrupted stock market gains, has led market participants to embrace their speculative side. There were a few comments from the article that I would like to discuss. Read more...
» More Howard Marks Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Buying Value in a Good Ol’ Bull Market Whether you are in the 'doomsday' camp, the 'watch the interest rate' camp or the long-duration camp, the challenge is to find value investments Howard Marks,Warren Buffett,Jeremy Grantham,David  - Buying Value In A Good Ol’ Bull Market
Many well-regarded experts have weighed in on the length and the pricing of common stocks 8½ years into this bull market. They range from the dire warnings of perma-bears like Marc Faber to more reserved warnings from Howard Marks (Trades, Portfolio) and Robert Shiller. The chart below shows an example of where we are in relation to history: (1) More...

VALUE, QUALITY, BUFFETT


  • Currently 5.00/5

Rating: 5.0/5 (9 votes)

Buy The Dip Thoughts on a recent Bloomberg article Howard Marks,Warren Buffett - Buy The Dip
Bloomberg published an article on Monday titled “A ‘Crazy’ Stock Market Is Punishing Sellers.” Here’s a quick summary: The absence of volatility, combined with uninterrupted stock market gains, has led market participants to embrace their speculative side. There were a few comments from the article that I would like to discuss. More...

NONE


  • Currently 4.69/5

Rating: 4.7/5 (13 votes)

The Importance of Consistency Some thoughts on how to stay intellectually honest over time Howard Marks - The Importance Of Consistency
In my last article, I briefly discussed Netflix Inc. (NASDAQ:NFLX). I think it might be useful to circle back to that discussion to address the main point I was trying to make. More...

NONE


  • Currently 5.00/5

Rating: 5.0/5 (5 votes)

-3.9% Annualized Return for the Next 7 Years: Any Takers? Asset class forecasts are very bleak and well-known superinvestors are sounding the alarm and tempering expectations Howard Marks,Seth Klarman,Paul Tudor Jones,Ray Dal - -3.9% Annualized Return For The Next 7 Years: Any Takers?
More...

LONG, INSIDER BUYING,


  • Currently 4.62/5

Rating: 4.6/5 (13 votes)

'Moneyball', FAANG and Buying Opportunities Some random thoughts after a month off Howard Marks - 'Moneyball', FAANG And Buying Opportunities
For me, writing is like riding a bike. When I am putting together a new article every few days, the ideas seem to come easily. On the other hand, when I take a prolonged break, the well runs dry. More...

NONE


  • Currently 4.71/5

Rating: 4.7/5 (7 votes)

What Can We Do Now? A list of strategies investors can follow in today's environment Howard Marks,Charlie Munger,Warren Buffett,Prem Wa - What Can We Do Now?
The inspiration for this article comes from a combination of Howard Marks (TradesPortfolio)' memo “There They Go Again … Again” and interactions I had with a few friends. More...

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Howard Marks and James Montier: Expect Lower Equity Returns After record-breaking returns since the crisis, Marks and Montier believe investors should accept lower returns going forward Howard Marks - Howard Marks And James Montier: Expect Lower Equity Returns
Howard Marks (TradesPortfolio) recently published a memo titled "There They Go Again... Again," which has reportedly attracted the most interest “in the 28 years I’ve been writing memos, with comments coming from Oaktree clients, other readers, the print media and TV.” More...

HOWARD MARKS, JAMES MONTIER, VALUE, VALUE INVESTING, INVESTING


  • Currently 4.57/5

Rating: 4.6/5 (7 votes)

Howard Marks Responds to Critics With Memo: 'Yet Again?' Many took issues with his previous post, Marks said Howard Marks - Howard Marks Responds To Critics With Memo: 'Yet Again?'
Howard Marks (Trades, Portfolio), widely followed investor at Oaktree Capital, posted a memo on Thursday titled “Yet Again,” to push back at the firestorm his previous post “There They Go Again… Again” ignited in July. Marks’ latest clarifies statements he believed some clients, readers and media pundits misunderstood. In the process, he gives more details of his thinking on topics ranging from value investing to Bitcoin. He also makes his definitive statement on Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and other FAANG stocks. More...

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Rating: 5.0/5 (1 vote)

Lessons From the Past: Returns Without Risk Howard Marks on how to generate returns without taking on additional risk Howard Marks - Lessons From The Past: Returns Without Risk
Howard Marks (Trades, Portfolio)' regular memos should be required reading for every investor. Over the years, he has delivered some incredibly insightful comments about all areas of investing, but mainly value investing as this is where Oaktree specializes. More...

VALUE, VALUE INVESTING, HOWARD MARKS, INVESTING


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What Does Howard Marks See in Vistra Energy? Guru owns more than 50 million shares of company Howard Marks - What Does Howard Marks See In Vistra Energy?
According to aggregated second quarter 13F filing data, the second-largest stock buy among significant value funds last quarter was Vistra Energy Corp. (NYSE:VST). Vistra made it into the top 10 thanks to activity from one large investor, Howard Marks (Trades, Portfolio). More...

VALUE, VALUE INVESTING, HOWARD MARKS, INVESTING


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

2nd-Level Thinking Is Required for Outperformance Howard Marks on the importance of thinking differently Howard Marks, Charlie Munger - 2nd-Level Thinking Is Required For Outperformance
 Howard Marks (TradesPortfolio)' regular memos should be required reading for every investor. Over the years, he has delivered some incredibly insightful comments into all areas of investing, but mainly value investing as this is where Oaktree specializes. More...

HOWARD MARKS, INVESTING, VALUE INVESTING


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Rating: 0.0/5 (0 votes)

The Summer Heats Up Many investors have been more concerned about getting sunburned to a geopolitical crisp Howard Marks,Ray Dalio - The Summer Heats Up
The temperature in the stock market heated up again this month. Like a hot day at the beach, the Dow Jones Industrial Average stock index burned +542 points higher this month (+2.5%), while scorching +2,129 points ahead in 2017 (or +10.8%). More...

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Rating: 5.0/5 (2 votes)

Read Howard Marks' Memo: There They Go Again... Again Oaktree CEO urges caution and gives four sources of danger Howard Marks - Read Howard Marks' Memo: There They Go Again... Again
Some of the memos I’m happiest about having written came at times when bullish trends went too far, risk aversion disappeared and bubbles inflated. The first and best example is probably “bubble.com,” which raised questions about Internet and e-commerce stocks on the first business day of 2000. As I tell it, after ten years without a single response, that one made my memo writing an overnight success. More...

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Rating: 5.0/5 (1 vote)

Howard Marks' Oaktree Buys Into Small Businesses Through Fifth Street Finance Marks discloses details of voting rights as firm takes over venture capital-like entities Howard Marks - Howard Marks' Oaktree Buys Into Small Businesses Through Fifth Street Finance
Two weeks after Oaktree Capital, a global investment manager founded by Howard Marks (Trades, Portfolio), announced it would become investment adviser to two business development companies, Fifth Street Finance Corp. (FSC) and Fifth Street Senior Floating Rate Corp. (FSFR), it disclosed Monday it would also obtain certain voting rights through beneficial ownership of shares as part of the deal. More...

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Rating: 5.0/5 (7 votes)

Some Signs of 'Competitive Pressures' in Credit Thoughts on capital availability after reviewing financial results for 2 large banks Howard Marks - Some Signs Of 'Competitive Pressures' In Credit
I recently finished “The Most Important Thing” by Howard Marks (Trades, Portfolio), the chairman of Oaktree Capital. Marks' ability to lay out all the relevant considerations on any given topic in a way that is easy to follow and understand is what I most appreciate about his writing. As usual, I made the mistake of waiting so long: "The Most Important Thing" is one of the best investing books I have read in some time. If you have not read it yet, you should move it to the top of your list. More...

LONG WFC


  • Currently 4.72/5

Rating: 4.7/5 (18 votes)

Some Thoughts on Holding Cash As markets reach record highs, investors have questioned whether it makes sense to continue holding cash Howard Marks,Seth Klarman,Charlie Munger,Warren Bu - Some Thoughts On Holding Cash
The S&P 500 continued climbing in the first half of 2017, with a total return of 9.3% (according to Morningstar). Over the past five years, the compounded return for the index has been nearly 15% per annum (enough to double your money). It’s been a wonderful time to be long U.S. equities. More...

NONE


  • Currently 5.00/5

Rating: 5.0/5 (7 votes)

What Can We Learn From the Energy Market? Some observations from the recent performance of the energy sector Howard Marks,Charlie Munger,T Boone Pickens - What Can We Learn From The Energy Market?
One of the most fascinating areas to watch for the past three years has been the behavior of energy stocks and how various investors have played the energy stocks. More...

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Rating: 5.0/5 (9 votes)

Don't Blame the Market Disguised market timing is no excuse for poor performance Howard Marks - Don't Blame The Market
Over the past decade, a number of renowned value funds have significantly underperformed the market. More...

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Rating: 5.0/5 (3 votes)

The Media: How to Deal With It Tips from Wall Street pros Howard Marks, Warren Buffett, Paul Tudor Jones - The Media: How To Deal With It
We live in a time where gaining access to information has never been easier. Accessing data on a stock takes seconds, and we are constantly bombarded with news and information about market movements, investment ideas or political developments. More...

WALL STREET, INVESTING TIPS, INVESTING, INVESTMENT GURU


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