Podcasts about oaktree capital

American global asset management firm

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Best podcasts about oaktree capital

Latest podcast episodes about oaktree capital

Column Corné van Zeijl | BNR
Opinie | De paniek voorbij

Column Corné van Zeijl | BNR

Play Episode Listen Later Apr 18, 2025 3:58


De markten lijken een beetje tot rust te komen. De paniekfase is voorbij. De VIX-index, die de beweeglijkheid meet, daalt alweer naar enigszins normale niveaus. Als er paniek in de tent is, is het altijd goed om rustig te blijven. En winstgevend. Beleggers die toen hebben gekocht, kijken alweer tegen een leuke koerswinst aan. In een recent onderzoekje van Ritholz Management bleek dat als je bij een hoge VIX aandelen koopt, je na een halfjaar een gemiddeld rendement van 12,7% zou hebben gemaakt. Blijft de vraag over, hebben we het nu allemaal gehad? Aangezien de discussie over de importheffingen de belangrijke inputfactor is en deze per dag wisselt, is dat moeilijk te bepalen. Maar laten we een poging wagen. We beginnen bij de economie. Economen stellen hun groeiverwachtingen voor de VS bij. Dat is bijzonder, want meestal zijn economen niet zo snel. Of, om het positief te benaderen: ze denken daar lang en goed over na. Beleggers zijn sneller. Uit het meest recente onderzoek van Bank of America onder institutionele beleggers blijkt dat maar liefst 49% van de beleggers een harde landing van de economie verwacht. Toen de huidige president zijn ambt aanvaardde, was dat slechts 5%. Howard Marks, oprichter van vermogensbeheerder Oaktree Capital omschreef het aardig. ‘Gezien de staat van onze onwetendheid (over wat de Amerikaanse regering gaat doen) is beleggen momenteel als het wedden op de uitslag van de Superbowl. Alleen heb je geen flauw idee welke teams er spelen en wie de spelers zijn.’ Ik zal toch een poging wagen. We nemen aan dat de economische groei nu 2% lager uitkomt dan voor deze chaos. Als ik grofweg de meeste rapporten lees, is dat wel de consensusverwachting. Natuurlijk is dat allemaal gebaseerd op de verwachte importheffingen die de Amerikaanse regering oplegt. Aangezien die met de dag veranderen, is dit een hele grove inschatting. Een vuistregel is dat een procentpunt lagere economische groei leidt tot 7% minder winst. De winsten zouden dan dus een procent of 14 moeten dalen. Analisten hebben tot nu toe nog niets aangepast. Maar die zijn net als economen een beetje langzaam. Als we even vooruitlopen en deze 14% lagere winst alvast inkleuren en we nemen een normale waardering van de afgelopen tien jaar, dan zouden aandelen nog weleens een stuk lager kunnen gaan. Gelijk maar al uw aandelen verkopen, dan? Nou, bedenk: dit is een man-made crisis. Die kan ook weer man-made ongedaan worden gemaakt. En dus openen we iedere dag maar weer met spanning onze telefoon om te kijken wat er nu weer voor oekaze uit het Witte huis is gekomen. Houd maar in uw achterhoofd dat dit presidentschap nog maar 1376 dagen te gaan heeft. Over de column van Corné van Zeijl Corné van Zeijl is analist en strateeg bij Cardano en belegt ook privé. Reageer via c.zeijl@cardano.com. Deze column kun je ook iedere donderdag lezen in het FD.See omnystudio.com/listener for privacy information.

Alt Goes Mainstream
Brookfield Oaktree Wealth Solutions' John Sweeney - building a high-performing wealth solutions business

Alt Goes Mainstream

Play Episode Listen Later Mar 27, 2025 58:55


Welcome back to the Alt Goes Mainstream podcast.Today's episode dives into the details of distribution and how to build a high-performing global business to serve the wealth channel across brands and strategies.John Sweeney is the Chief Executive Officer of Brookfield Oaktree Wealth Solutions, a business unit that was created to harmonize the distribution efforts across the Brookfield and Oaktree brands. He previously served as Head of US Business Development and Sales for Brookfield Oaktree Wealth Solutions and was a Managing Director and Head of the Americas intermediary business at Oaktree Capital. He also served as president of Oaktree Funds from 2014-2018.Before joining the alternative asset manager side of the business, John had extensive experience working in alternative investments roles at private banks. Before joining Oaktree in 2013, he was a Managing Director and Head of Product Management and Development for the alternative investments business at Morgan Stanley. Prior to that, he was the Head of Product Management in the US for the alternative investments business of the Citi Private Bank.John and I had a fascinating and informative discussion. We covered:How John is building Brookfield Oaktree's wealth business.The benefits of scale.Wisdom from John's Oaktree colleague Howard Marks.How advisor education is critical to the adoption of private markets.Thanks John for coming on the show to share your wisdom and views on private markets and working with the wealth channel.Subscribe to Alt Goes Mainstream to receive the weekly newsletter every Sunday and all of AGM's podcasts.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Show Notes00:00 Introduction to our Sponsor, Ultimus Fund Solutions01:55 Welcome to Alt Goes Mainstream02:06 Introduction to John Sweeney03:58 John's Early Career at Morgan Stanley04:34 Evolution of Alternative Investments05:15 Impact of Technology on Private Markets06:42 Service and Distribution Strategy09:33 Building Brookfield Oaktree's Wealth Business11:16 Brookfield and Oaktree Acquisition12:42 Creating Investment Solutions14:07 Understanding the Wealth Channel15:05 Global Distribution Strategy17:52 Importance of Brand and Service19:06 Effective Client Engagement21:09 Advisors vs. Institutional Investors22:27 Evergreen Funds and Distribution25:09 Balancing Content and Engagement27:15 Investment Philosophy and Market Context29:36 Risk Control and Consistency30:53 Generational Wealth Transfer31:40 Educating the Next Generation of Investors32:04 Long-Term Track Record and Conclusion32:18 Delivering Returns and Long-Term Success32:31 Accessing Evergreen Funds32:45 Compounding Returns Over Time32:52 Thinking in Decades32:57 Private Credit and Economic Cycles33:16 Experience and Results33:41 Brand and Experience in Private Markets34:55 Marketing and History35:12 Brookfield Real Estate Introduction35:34 Oaktree's Credit Roots35:55 Integrating Two Brands36:15 Building Solutions and Partnerships39:03 Global Presence and Scale39:13 Navigating Wealth Channel Conversations40:34 Competing in Various Deal Sizes41:16 Exploring Secondary Markets41:56 Private Capital Opportunities42:50 Survey Insights on Alternatives44:04 Global Wealth Channel Strategies44:44 Regional Strategies and Local Teams47:42 Building a Culture of Shared Success48:42 Educating Advisors49:43 Early Stages of Wealth Channel51:41 Model Portfolios and Solutions56:32 The Appeal of Music Royalties and Human Connection58:14 Conclusion and Final ThoughtsEditing and post-production work for this episode was provided by The Podcast Consultant.

The Money Maze Podcast
169: Unlocking Investment Wisdom - With Howard Marks, Co-Founder of Oaktree Capital Management

The Money Maze Podcast

Play Episode Listen Later Mar 13, 2025 56:27


When Warren Buffet singles you out for praise, it might be fair to say you have summited the investment equivalent of K2, Annapurna and Kangchenjunga, the most challenging of mountain peaks!   In a capricious investing world, where success is often transient, reputations easily tarnished and hubris punished, to have not only stayed the course for 55 years, but thrived, built Oaktree Capital into one of the largest investors in distressed securities worldwide and cemented a vast loyal following is extraordinary. His investment memos written over the years are world class: engaging, lucid and approachable. In this 1 hour conversation, Howard shares some of his most important investing lessons. It's a conversation everyone interested in investing should hear. Howard explains, why it's not what you buy, it's what you pay that counts, why you need to be contrarian to succeed in investing, why over confidence is the enemy of performance, and  - given the inevitable nature of cycles - why he subscribes to Voltaire's comment that “history never repeats itself, but man always does”. And that is before he discusses the role of luck, the future of the US, the “illusion of knowledge”, and much more with one of the investment greats! ​​The Money Maze Podcast is kindly sponsored by Schroders, World Gold Council, LSEG and IFM Investors. Sign up to our Newsletter | Follow us on LinkedIn | Watch on YouTube 

Private Equity Value Creation Podcast
Ep. 56: Jordon Kruse & Matt Wilson, Oaktree Capital | Opportunities in Special Situations Investing

Private Equity Value Creation Podcast

Play Episode Listen Later Nov 26, 2024 43:56


Shiv interviews Jordon Kruse, Managing Director and Co-Portfolio Manager, and Matt Wilson, Managing Director and Co-Portfolio Manager, at Oaktree Capital.  In this episode, Matt and Jordon explain their approach to special situations investing, including rescue financing transactions where they restructure the debt and balance sheet of companies. They share how they create the most value for their LPs, how they're protecting themselves from risk, and how a company's cash flow might be impacted by debt service in the current market. Learn about different financing options and the current realities of today's market for PE firms.  The information contained in this podcast is not intended to constitute, and should not be construed as, investment advice.

Insurance AUM Journal
Episode 253: Capitalizing on the Shift in Private Credit: Strategies for Insurance Companies

Insurance AUM Journal

Play Episode Listen Later Nov 7, 2024 46:18


In this episode of the InsuranceAUM.com podcast, Stewart Foley hosts Armen Panossian, co-CEO and Head of Performing Credit at Oaktree Capital, for a deep dive into insurers' role in alternative investing, especially in private credit. Armen shares insights on the evolving sentiment in today's markets, where economic fundamentals, regulatory influences, and the effects of recent rate hikes are shaping debt and equity strategies. He details how technical and regulatory shifts, like the implementation of Basel III in the U.S., are creating new avenues for insurers to capitalize on asset-backed finance while banks retreat from specific lending areas. Armen emphasizes that private credit remains a valuable asset class for insurers, especially given the long-term growth and diversification opportunities it provides alongside efficient rating structures.   Looking ahead, Armen sees opportunity in sectors where expertise drives returns, such as specialty finance and asset-backed lending. He also highlights the unique value of rescue lending as more companies face refinancing challenges due to high interest rates. For insurers, he advises considering the distinct advantages of rated feeder note structures to optimize capital efficiency in corporate credit and exploring asset-backed finance for diversification.

The Exchange by EWL Private Wealth
Armen Panossian (Co-CEO, Oaktree Capital): Navigating the 2026-27 Liquidity Gap. How the World's Leading Distressed Debt Investor is Positioning for Market Shifts

The Exchange by EWL Private Wealth

Play Episode Listen Later Nov 6, 2024 61:47


In this episode, Partner and Private Wealth Advisor Ryan Loehr speaks with Armen Panossian, the co-CEO of Oaktree Capital. Oaktree is one of the most renowned investment businesses in the world, most famous for its capability in distressed debt and heavily influenced by Howard Marks who co-founded the business nearly 30 years ago. Beyond distressed debt, Oaktree oversees more than $193B for investors, which include most of the largest US pension funds; many sovereign wealth funds; endowments, large institutions and family offices. The business invests across credit, private equity, real estate and listed equities. Armen joined the firm in 2007, immediately before it navigated the Global Financial Crisis in 2008 very successfully; and prior to this, worked in distressed debt with Pequot Capital Management, at the time one of the largest hedge funds globally. He holds a B.A. degree in economics with honors and distinction from Stanford University; an M.S. degree in health services research from Stanford Medical School; a J.D. degree from Harvard Law School; and an M.B.A. from Harvard Business School.  Mr. Panossian serves on the Advisory Board of the Stanford Institute for Economic Policy Research.  He is a member of the State Bar of California.We explore a broad range of topics, including the conditions and settings that can make distressed debt investing attractive; example transactions that it has been successful with; and the timing of Oaktree's $15B+ raise for its largest distressed debt fund. We explore the dramatic shift in monetary policy and credit conditions over recent years and its implications; and observe segments of corporate America that are under increasing pressure, especially small-business. We then turn our conversation to private credit, including increased competition in this segment, key risks, relative appeal vs. other asset classes:  risks and opportunities that eventuate from illiquidity, structuring, speed and scale; and the anticipated 'funding gap' that companies may face over 2026 and 2027. I hope you enjoy this episode. Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

Debtwired!
Lloyds & Oaktree's Strategic Edge in Sponsor-Backed Lending

Debtwired!

Play Episode Listen Later Oct 31, 2024 7:21


In this episode, Debtwire's Amelia Weitzman is joined by Nael Khatoun, an MD and portfolio manager within Oaktree's European private credit strategy. We dive into the newly formed partnership between Oaktree Capital and Lloyds Bank, a strategic alliance aiming to redefine private credit solutions in the UK's highly competitive market. Our guest discusses how this collaboration is already creating valuable opportunities by blending Lloyds' market expertise with Oaktree's capital strategies, delivering faster, more flexible financing options for clients in a tightening credit environment. We also explore key market risks, including elevated interest rates, the rising influence of retail investors in private credit, and sector-specific investment trends such as life sciences and NAV finance. #privatecredit #directlending #M&A #debt #debtwire

The StartUp to ScaleUp Game Plan
Unlocking Hidden Potential: Eyal Malinger's Vision for Venture Special Situations

The StartUp to ScaleUp Game Plan

Play Episode Listen Later Jul 24, 2024 33:06 Transcription Available


On today's episode I interviewed Eyal Malinger, Managing Partner at Resurge Growth Partners. We delved into Eyal's journey through the venture capital world, exploring his strategies for identifying high-potential ventures and his vision for the future of tech entrepreneurship. From his early days as a software engineer to his roles at McKinsey, Oaktree Capital and Beringea, Eyal shares the pivotal moments that shaped his career and led him to establish Resurge Growth Partners. Join us as Eyal unveils the thesis behind Resurge Growth Partners, a fund designed to bridge a critical gap in the market. He explains how the traditional venture model, with its focus on exponential growth, often overlooks companies that have solid products and teams but don't fit the high-growth template. These "orphaned" ventures, as Eyal calls them, are the businesses Resurge Growth Partners aims to support, providing them with the resources and guidance needed to thrive. Eyal also sheds light on the fund's geographical focus, emphasizing the importance of proximity and hands-on involvement in the UK, Europe, and Israel. He discusses the fund's control-oriented approach, contrasting it with the typical venture capital model and highlighting the importance of cultural alignment and shared goals with portfolio companies. The conversation takes a fascinating turn as Eyal addresses the challenges of transitioning a company from a growth-focused to a profitability-focused model. He shares insights into the introspective journey CEOs must undertake and the importance of open communication and self-awareness among founders. Eyal also discusses conflict resolution strategies within leadership teams, offering practical advice for maintaining alignment and ensuring a company's trajectory remains on course. As we explore the future of tech entrepreneurship, Eyal provides a candid assessment of the current market landscape, the impact of technological advancements, and the evolving trends in sectors poised for innovation. He also discusses the fund's strategic approach to exits, emphasizing the importance of EBITDA and the potential for strategic acquisitions. Throughout the episode, Eyal's passion for identifying and nurturing undervalued companies shines through. He shares his vision for the future of Resurge Growth Partners, aiming to establish the fund as a key player in the venture special situations market. Eyal's insights into leveraging technology, building networks, and fostering open communication offer invaluable guidance for entrepreneurs and investors alike. Don't miss this compelling narrative as Eyal Malinga takes us on a journey through the venture capital landscape, offering a fresh perspective on unlocking hidden potential and driving sustainable growth. Tune in to gain a deeper understanding of the innovative strategies shaping the future of tech entrepreneurship. Unlock powerful venture investing insights at https://resurgegrowth.com/ and discover expert advice on hiring high-impact leaders to drive software venture growth at https://alpinasearch.com/ 

Bloomberg Talks
Oaktree Capital's Howard Marks Talks Private Equity and Real Estate

Bloomberg Talks

Play Episode Listen Later Jul 8, 2024 10:00 Transcription Available


Howard Marks, co-founder and co-chair of Oaktree Capital Management, says he sees "pain" ahead in the private equity and real estate space. He discusses what he sees as the risks facing the current investment environment with hosts Matt Miller, Katie Greifeld and Sonali Basak.See omnystudio.com/listener for privacy information.

Investment Management Operations
Nicole Adrien, Chief Product Officer & Global Head of Client Relations – Oaktree Capital Management (EP.33)

Investment Management Operations

Play Episode Listen Later Jul 2, 2024 44:09


Nicole Adrien is the Chief Product Officer and Global Head of Client Relations at Oaktree Capital.   If you work directly with clients and prospects, this is the conversation for you.    Nicole discusses her career path beginnings at Goldman Sachs, and how she turned a summer internship during business school into a career at Oaktree.   Working with clients today is all about transparency, speed, and accuracy. We discuss how exogenous factors from the GFC have shaped client demands and how Oaktree transformed its business to meet these new requirements.    We discuss the continuous demand of portfolio and company information and the “multiplier effect” from the increasing level of sophistication within the industry.   We close with how Oaktree builds new products today, what a good prospect meeting looks like, and how Oaktree hires and instills culture and values.   It's worth noting - this year, Nicole was named to 50/50 Women on Boards' second annual 50 Women to Watch for Boards list, which highlights exceptionally qualified women leaders from various sectors across North America. Learn More Follow Capital Allocators at @tseides or LinkedIn Subscribe to the mailing list Access transcript with Premium Membership

In Good Company with Nicolai Tangen
Howard Marks: Oaktree Capital, Investment philosophy, Risk and Randomness

In Good Company with Nicolai Tangen

Play Episode Listen Later Jun 12, 2024 40:50


How can you judge the quality of a decision? Howard Marks is the co-founder of Oaktree Capital and one of the world's most respected investors. In this episode he tells us about how he got started in finance, his investment philosophy, his thoughts on risk management and much more. Tune in for an insightful conversation with one of the greatest minds in the world of finance.In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episode out every Wednesday.The production team for this episode includes PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Kristian Haga.Watch the episode on YouTube: Norges Bank Investment Management - YouTubeWant to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedInFollow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedInFollow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram Hosted on Acast. See acast.com/privacy for more information.

Your Money Momentum
Property and Casualty Insurance Shopping Guide

Your Money Momentum

Play Episode Listen Later Jun 7, 2024 27:04


You've probably noticed that your homeowners, auto, and umbrella insurance costs are on the rise. In this episode of

Squawk Box Europe Express
SQUAWK BOX, WEDNESDAY 24TH APRIL, 2024

Squawk Box Europe Express

Play Episode Listen Later Apr 24, 2024 25:55


Tesla shares surprisingly hold up despite the EV maker missing massively on both the top and bottom lines. Elon Musk has hinted to investors that more affordable options are in the pipeline. The S&P 500 posts its best day since February with investors shrugging off rate concerns. We hear from Oaktree Capital's Howard Marks who says the days of easy capital are unlikely to return. Luxury giant Kering posts double-digit Q1 sales declines and warns that profits could fall by up to 45 per cent in H1. On Capitol Hill, the U.S. Senate votes overwhelmingly to pass a $95bn aid package to Ukraine, Israel and Taiwan. And we are live in Rotterdam at the WEC where RWE CEO Markus Krebber tells CNBC that green transition costs could soar due to capital and geo-political risks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Geeks Of The Valley
#91: The Future of Biotech & Investing in Cutting-Edge Technologies with Valhalla Ventures' Matthew King

Geeks Of The Valley

Play Episode Listen Later Jan 7, 2024 49:08


Matthew King is an Entrepreneurial Investor passionate about venture investing & building, deeptech, sustainability, mental health, wellness, automotive, luxury goods, and hospitality.Currently Co-Founder & Managing Partner at Valhalla Ventures, a venture capital firm backing visionary founders at the forefront of social and technological breakthroughs.Inveterate connector of extraordinary human beings who frequently colors outside the lines and thrives on helping founders accomplish legendary outcomes while helping investors produce stellar returns & impact.Valhalla Ventures backs visionaries building enduring moats.Today, the most enduring moats exist in physical technology (think industrials, space, chips, biology, defense, energy, etc) and media IP (think games).Valhalla manages $200M+ in assets with $150M in committed capital across all vehicles to date. Our primary focus currently is deploying $35M in dry powder in Seed and Series A financings (and in between), investing $1M to $3M per company with a 5% minimum ownership target. Valhalla's Limited Partner community includes:1) C-suites/Managing Partners (current and former) of: Goldman Sachs, JP Morgan Chase, Bank of America, Citadel, Bridgewater Associates, Oaktree Capital, Apollo Global, Point72, PayPal, Alibaba, Hillhouse Capital, NBC Universal, General Motors, Swiss Re, Discover, PizzaHut, DoorDash, DocuSign, Sandoz, Gusto, Guinness, Bitmain, Thomson Reuters, Yahoo, Zynga, the Dallas Cowboys, BlockTower Capital, and TopGolf; and2) Board Members (current and former) of: BlackRock, Goldman Sachs, MasterCard, MIO Partners, Fortress, BNY Mellon, RBC, Altria, ARM Semiconductor, SoFi, Warburg Pincus, Kraft, SABMiller, Cognizant, Western Union, Raine Group, Harvard Business School, Harvard Law School, Harvard Medical School, Harvard University, Stanford's Graduate School of Business, Wharton, and Johns Hopkins University.Outside of work what energizes me is travel (40+ countries visited or lived in), electronic music, nature, and Burning Man (12x). --- Support this podcast: https://podcasters.spotify.com/pod/show/geeksofthevalley/support

Renegade Investors
Worst Investment Mistake in 2024 (And How to Avoid It)

Renegade Investors

Play Episode Listen Later Nov 25, 2023 12:39


DealMakers
Junko Sheehan On Raising $225 Million To Create One Of Europe's Leading Veterinary Platforms

DealMakers

Play Episode Listen Later Nov 11, 2023 28:57


In the heart of Silicon Valley, where innovation echoes through the streets, Junko Sheehan's journey unfolds like an engrossing novel – a tale of resilience, entrepreneurship, and a commitment to giving back regardless of borders. Her venture, UNAVETS, has attracted funding from top-tier investors like Oaktree Capital, Ares Management, and Junko herself.

DealMakers
Junko Sheehan On Raising $225 Million To Create One Of Europe's Leading Veterinary Platforms

DealMakers

Play Episode Listen Later Nov 11, 2023 28:57


In the heart of Silicon Valley, where innovation echoes through the streets, Junko Sheehan's journey unfolds like an engrossing novel – a tale of resilience, entrepreneurship, and a commitment to giving back regardless of borders. Her venture, UNAVETS, has attracted funding from top-tier investors like Oaktree Capital, Ares Management, and Junko herself.

The Wealth Exchange
Investing Matters: The Future of Investing with Howard Marks of Oaktree Capital

The Wealth Exchange

Play Episode Listen Later Nov 9, 2023 59:21


In this episode, John Nicola, Chairman and CEO of Nicola Wealth, is joined by Howard Marks, Co-Chair of Oaktree Capital Management. Together, they explore the current economic landscape. They begin the conversation with insights on interest rates and inflation, then delve into topics like bargain and behavioural investing. The discussion also touches on the potential sources of returns—whether from beta or alpha activity. The episode ends with Howard sharing valuable advice for investors navigating the uncertainties in the months ahead.

Erichsen Geld & Gold, der Podcast für die erfolgreiche Geldanlage
Jetzt Anleihen kaufen? Das ist das Problem!

Erichsen Geld & Gold, der Podcast für die erfolgreiche Geldanlage

Play Episode Listen Later Oct 24, 2023 27:53


In den USA gibt es den sehr bekannten und meines Erachtens nach auch sehr guten Investor Howard Marks. Und Howards Marks sagt - etwas vereinfacht formuliert: "Leute, ihr braucht mehr Anleihen!". Warum das so ist und in welchen Punkten ich ihm durchaus recht geben würde: Darüber spreche ich in dieser Podcast-Episode.
 ► Der im Podcast genannte Link: https://www.oaktreecapital.com/docs/default-source/memos/further-thoughts-on-sea-change3dda4540-569f-4415-9a5b-004fbabf06d4.pdf
 ► Den neuen Podcast “Buy The Dip” findet ihr hier: https://buythedip.podigee.io
 ► Jetzt unseren Buy The Dip YouTube-Kanal abonnieren: https://www.youtube.com/@BuyTheDipPodcast?sub_confirmation=1
 ► Schau Dir hier die neue Aktion der Rendite-Spezialisten an: https://www.rendite-spezialisten.de/aktion
  ► TIPP: Sichere Dir wöchentlich meine Tipps zu Gold, Aktien, ETFs & Co. – 100% gratis: https://erichsen-report.de/
 Viel Freude beim Anhören. Über eine Bewertung und einen Kommentar freue ich mich sehr. Jede Bewertung ist wichtig. Denn sie hilft dabei den Podcast bekannter zu machen. Damit noch mehr Menschen verstehen, wie sie ihr Geld mit Rendite anlegen können.
 ► Mein YouTube-Kanal: http://youtube.com/ErichsenGeld
 ► Folge meinem LinkedIn-Account: https://www.linkedin.com/in/erichsenlars/
 ► Folge mir bei Facebook: https://www.facebook.com/ErichsenGeld/
 ► Folge meinem Instagram-Account: https://www.instagram.com/erichsenlars
 Die Quellen der Audio-Zitate - Abgerufen am 23.10.2023:
 YouTube-Kanal: Investor Center Video: Howard Marks: The BIGGEST Investment Opportunity in 40 Years URL: https://www.youtube.com/watch?v=q8KJSNyAHLE
 YouTube-Kanal: Bloomberg Television Video: PayPal Sees Massive Shift to Digital Payments Amid Covid URL: https://www.youtube.com/watch?v=tiij5fJYEGg Die verwendete Musik wurde unter www.soundtaxi.net lizensiert.
 Ein wichtiger abschließender Hinweis: Aus rechtlichen Gründen darf ich keine individuelle Einzelberatung geben. Meine geäußerte Meinung stellt keinerlei Aufforderung zum Handeln dar. Sie ist keine Aufforderung zum Kauf oder Verkauf von Wertpapieren.

Daily Business News
Friday September 29th, 2023: GameStop appoints new CEO, Norway's gas exports decrease, OpenAI in talks for AI platform & more

Daily Business News

Play Episode Listen Later Sep 29, 2023 6:01


GameStop's new CEO, Norway's gas exports decline, X CEO denies puppet claims, Solana Growth raises $12.9M, CDL acquires Tokyo assets, Micron's shares drop, Oaktree Capital discusses private credit market, TXV Partners receives boost, OpenAI in talks for $1B hardware platform, John Lewis plans supermarket sale.

Owens Recovery Science
Memorial Day 2023 - Ryan Keogh

Owens Recovery Science

Play Episode Listen Later May 29, 2023 68:37


This year our Guest is Ryan Keogh: Ryan Keogh, originally from Caldwell, Idaho, was commissioned as a 2nd Lieutenant in the United States Army upon his graduation from the United States Military Academy at West Point. Ryan served as a conventional Army infantry officer, leading a platoon of soldiers during a yearlong deployment to Northeast Afghanistan, before being selected to serve in the US Army's elite 75th Ranger Regiment in Fort Benning, GA. While assigned to 3rd Ranger Battalion, 75th Ranger Regiment Ryan completed multiple deployments in support of the Global War on Terrorism as a Ranger Rifle Platoon Leader and Ranger Operations Officer. After more than 8 years on active duty, including 3 years deployed to combat, Ryan retired from the Army after losing his right leg below the knee. He has numerous awards and decorations including the Bronze Star, Purple Heart, Combat Infantryman's Badge, and the Ranger Tab. Ryan entered the corporate workforce in 2013 as the National Operations Manager from Mission Produce, the largest Avocado and Mango grower & distributor in the world. While working at Mission, he completed his MBA from Emory University. Since 2017, Ryan has worked in the Private Equity portfolio and holding company industry partnering with Oaktree Capital and the Stephens Group. He currently is the Chief Commercial Officer for the Pearlman Group, the holding company that operates several multi-channel distributors of supplies, tools and equipment used by specialty contractors in various end markets. He currently resides in a suburb of Atlanta (Berkeley Lake, Georgia) with his wife (Laura) and 3 daughters – Taylor (9), Sloan (8), and Chandler (6). Video about Joe Kapacziewski: https://www.google.com/search?q=joe+kap+ranger&oq=joe+kap+ranger+&aqs=chrome..69i57j0i22i30l2.3723j0j7&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:3f995416,vid:jPSVUDOqpjg May is Mental Awareness Month Been observed since 1949 Some Generic mental health resources: National Alliance on Mental Illness nami.org American Hospital Association https://www.aha.org/mental-health-awareness-month Mental Health America https://www.mhanational.org/mental-health-month National Council for Mental Wellbeing https://www.thenationalcouncil.org/mental-health-awareness-month/ Resources for enlisted people: USO - https://www.uso.org/stories/2664-military-suicide-rates-are-at-an-all-time-high-heres-how-were-trying-to-help Department of Defense: News release on the Annual Report on Suicide in the Military https://www.defense.gov/News/Releases/Release/Article/3193806/department-of-defense-releases-the-annual-report-on-suicide-in-the-military-cal/ Link to the full report: https://www.dspo.mil/Portals/113/Documents/2022%20ASR/Annual%20Report%20on%20Suicide%20in%20the%20Military%20CY%202021%20with%20CY21%20DoDSER%20(1).pdf?ver=tat8FRrUhH2IlndFrCGbsA%3d%3d Veteran Resources: The Veterans Crisis Line (confidential support) * 1-800-273-8255 * Or text 838255 * VeteransCrisisLine.net/Chat Stop Soldier Suicide * https://stopsoldiersuicide.org/ * 844.235.2764 A lot veterans struggle w/ transition out of service Resource for Transition: * https://military-transition.org/

Motivation 2 Invest
Billionaire Howard Marks: On Stock Market Bubbles and How to invest in 2023?

Motivation 2 Invest

Play Episode Listen Later May 24, 2023 73:52


Billionaire Howard Marks: On Stock Market Bubbles and How to make investment decisions. Oaktree Capital, Value investing fund. Credit: Chicago Booth #valueinvesting #investing #stockmarket

We Study Billionaires - The Investor’s Podcast Network
TIP545: The Third Sea Change Has Begun w/ Howard Marks

We Study Billionaires - The Investor’s Podcast Network

Play Episode Listen Later Apr 14, 2023 58:58


Trey Lockerbie invites the renowned Howard Marks, known for establishing Oaktree Capital with $140B in AUM and earning a reputation as an investing legend for his consistent performance, unconventional investments, and insightful memos. In their discussion, Howard shares his views on various topics, including A.I., Bitcoin, and his prediction that the financial markets are undergoing a significant transformation, which he believes is the third such occurrence in his illustrious 50-year career.Howard is the author of several books on investing, including "The Most Important Thing" and "Mastering the Market Cycles," which have been widely praised for their insights into the investment process.IN THIS EPISODE YOU'LL LEARN:0:00 - Intro.01:53 - His prediction that the financial markets are entering a Sea Change, the third such event he has seen in his over 50 year career.02:16 - Why this Sea Change differs from normal market cyclicality.18:58 - How a more moderate interest rate environment affects global debt and his risk assessments.36:28 - How studies of Japan influenced his investing philosophies.48:21 - His thoughts on A.I., Bitcoin, Japan & China. 56:14 - Also included are some of Howard's personal insights.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESRelated episode: Listen to TIP378: Move Forward With Caution w/ Howard Marks or watch the video here.Related episode: Listen to TIP497: Lessons From Billionaire Howard Marks or watch the video here.Related episode: Listen to TIP073: Billionaire Howard Marks – The Most Important Thing or watch the video here.Visit: Oaktree Capital Management.Howard Marks Memos.Check out: Mastering the Market Cycle by Howard Marks.Check out: The Most Important Thing by Howard Marks.Check out: Mistakes Were Made (But Not by Me): Third Edition: Why We Justify Foolish Beliefs, Bad Decisions, and Hurtful Acts by Carol Tavris.Trey Lockerbie's Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.If you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Send, spend, and receive money around the world easily with Wise.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Have Commonwealth Private‘s Private Bankers take the time to understand your goals and tailor solutions that create less for you to do and more for you to enjoy.If you're into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give Nudge, hosted by Phil Agnew, a listen!Get an overall better student loan experience with College Ave. Plus, get a chance to win a $1,000 college scholarship. No purchase is required.Hire expert marketers, on-demand, with MarketerHire. Listeners get a $1,000 credit for first-time customers when you use code WSB.Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Insight by Oaktree Capital
Introducing The Insight by Oaktree Capital

The Insight by Oaktree Capital

Play Episode Listen Later Mar 21, 2023 1:18


Welcome to The Insight by Oaktree Capital

Spotlight Podcast - Private Equity International
What LPs and GPs look at to make sense of the higher-rate environment

Spotlight Podcast - Private Equity International

Play Episode Listen Later Feb 23, 2023 11:47


In our final episode of Private Markets and the end of Cheap Money, we hear from IMCO, Oaktree Capital, BC Partners and more on what investment professionals there keep their eyes on in the era of higher borrowing costs.

Stuff That Interests Me
What does the next decade have in store?

Stuff That Interests Me

Play Episode Listen Later Dec 21, 2022 8:39


I stumbled across a Gavekal Research Daily Comment over the weekend with a really interesting table that I thought we could discuss today.Gavekal Research, if you don't know it, is a financial research firm that provides analysis and insights on global economies, markets and industries. It was founded in 1999 by Charles Gave, Anatole Kaletsky, and Louis-Vincent Gave, and is headquartered in Hong Kong. It is, the internet tells me, known for its holistic approach to analysis. Holistic is one of those corporate buzzwords that I never really know what it meant. Again the internet is our friend: in the context of financial analysis, holistic analysis refers to considering a wide range of factors, such as economic, political, and behavioural, in order to gain a full understanding of market developments. It is a way of looking at the big picture rather than just focusing on specific details or individual factors.Why didn't they just say “big picture”? Such is the equivocal financial world in which we live.In any case, Louis-Vincent's Gave's report is a compelling one. He describes how, roughly every decade or so, financial markets fall in love with a new narrative. This is something we have observed many times in the column. The 1970s were all about precious metals and energy. The 1980s went to Japan. The 1990s saw tech stocks take over and the 2000s were all about natural resources and extraordinary growth in China. The 2010s were all about tech.So what about the 2020s. What are they all about?What does the next decade have in store for investors? Gave suggests that there are three narratives each with a core idea: “The opening of new markets to capitalism (Ricardian growth), technological breakthroughs (Schumpeterian growth), or the fear that in the coming years there will not be enough for everyone (the Malthusian constraint).”Each time the narrative is persuasive and rooted in some truth, which is why it takes hold, but by the end of the cycle, valuations reach such extremes that they no longer make sense, a bear market sets in and a new narrative takes over. Asset allocation is everything, I have often argued - and it has been repeatedly proven that being int he right sector is more important than individual stock selection. All you have to do is shift from narrative to narrative. A lot easier said than done of course.But here is Gave's humdinger of a table.Share this amazing article.You can see how clearly the narrative has shifted with each decade. By the end of the 1970s six of the world's largest ten companies were oil companies. By the end of the next decade, just one of them was.By the end of the 1980s, eight of the world's largest ten companies were Japanese. By the end of the following decade, just two of them were.At the turn of the century, seven of the world's largest ten companies were tech related. By the end of the following decade, just two were.At the end of the noughties, seven of the world's largest companies were natural resource companies. By the end of the following decade, not one was.2022 seems to have marked the turning point. The Covid rallies in tech were the final spike in an amazing bull market. These are all huge companies that make the foundation on which portfolios are built. But how many of 2021's top ten will be there in ten years' time? Not more than two or three I wouldn't have thought.You have to hand it to Microsoft. It's been there three decades running. Perhaps that's because, in a way, as much as it is a tech stock it is also a patent holding company. Apple has also made that list twice. So mighty are these companies and so entrenched in their monopolies, it is very hard to envisage them not being so mighty in ten years' time.  But this is the world of tech. New inventions can come along that quickly make old monopolies redundant.In that regard, I've just been playing with a new Open AI chat bot that my son, who is at University in Bristol, put me on to and it's extraordinary. It can write essays. It wrote a biog that I am now going to use on my site - and it's a better biog than I've ever had. What the impact of it might be on, say, Google, who knows? The investment landscape has changed for goodGave says waiting for the Fed to cut rates and being long the likes of Nvidia or Alphabet makes “about as much sense as sitting in Tokyo in 1992 waiting for the Bank of Japan to cut rates in order to buy Industrial Bank of Japan.”In short, we are in a transitioning phase. What does the next decade have in store for us? Elsewhere Howard Marks of Oaktree Capital also argues that we are in a “Sea Change” - only the third we have seen in his career. That the model of success for the previous cycle is not going to work this time around. He suggests that the high leverage, asset owning, low-interest rate, low yield, low inflation models of the last cycle are behind us. The general landscape is much less optimistic. He suggests that stimulative rates are not coming anytime soon and that the base rate will remain in the 2-4% range. We are now in a full-return world, not a low-return world, and investors can get good returns from credit yield instruments -  high-yielding bonds and so on.What worked before will not work now. What works now might be something that hasn't worked for a long time.Commodities could be winners Gave meanwhile suggests emerging markets and commodities. Even with a China slowdown/lockdown, the Fed tightening and a surging US dollar, the S&P Goldman Sachs Commodities Index (S&P GCSI) has still returned 27%.This will be an even better story when these forces reverse - when China opens up, the Fed stops tightening and the US dollar rolls over. The GSCI has returned 27% mostly on the back of energy. Metals have been a rather different story. But with those three reversals in place - weak dollar, no more tightening and China open - the stage is set for metals.What do you think the next decade's narrative is going to be? It's there percolating somewhere. Malthusian, Ricardian or Schumpterian?Check out special report on helium, if you haven't already, and Dr John's latest on bonds. Both for paying subscribers, there is lots of valuable info to be had.Please consider subscribing.If you are interested in buying gold bullion, my current recommended bullion dealer in the UK is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. You can deal with a human being. I have an affiliation deals with them.Have you got you Kisses on a Postcard CDs yet?This article first appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

The Flying Frisby
What does the next decade have in store?

The Flying Frisby

Play Episode Listen Later Dec 21, 2022 8:39


I stumbled across a Gavekal Research Daily Comment over the weekend with a really interesting table that I thought we could discuss today.Gavekal Research, if you don't know it, is a financial research firm that provides analysis and insights on global economies, markets and industries. It was founded in 1999 by Charles Gave, Anatole Kaletsky, and Louis-Vincent Gave, and is headquartered in Hong Kong. It is, the internet tells me, known for its holistic approach to analysis. Holistic is one of those corporate buzzwords that I never really know what it meant. Again the internet is our friend: in the context of financial analysis, holistic analysis refers to considering a wide range of factors, such as economic, political, and behavioural, in order to gain a full understanding of market developments. It is a way of looking at the big picture rather than just focusing on specific details or individual factors.Why didn't they just say “big picture”? Such is the equivocal financial world in which we live.In any case, Louis-Vincent's Gave's report is a compelling one. He describes how, roughly every decade or so, financial markets fall in love with a new narrative. This is something we have observed many times in the column. The 1970s were all about precious metals and energy. The 1980s went to Japan. The 1990s saw tech stocks take over and the 2000s were all about natural resources and extraordinary growth in China. The 2010s were all about tech.So what about the 2020s. What are they all about?What does the next decade have in store for investors? Gave suggests that there are three narratives each with a core idea: “The opening of new markets to capitalism (Ricardian growth), technological breakthroughs (Schumpeterian growth), or the fear that in the coming years there will not be enough for everyone (the Malthusian constraint).”Each time the narrative is persuasive and rooted in some truth, which is why it takes hold, but by the end of the cycle, valuations reach such extremes that they no longer make sense, a bear market sets in and a new narrative takes over. Asset allocation is everything, I have often argued - and it has been repeatedly proven that being int he right sector is more important than individual stock selection. All you have to do is shift from narrative to narrative. A lot easier said than done of course.But here is Gave's humdinger of a table.Share this amazing article.You can see how clearly the narrative has shifted with each decade. By the end of the 1970s six of the world's largest ten companies were oil companies. By the end of the next decade, just one of them was.By the end of the 1980s, eight of the world's largest ten companies were Japanese. By the end of the following decade, just two of them were.At the turn of the century, seven of the world's largest ten companies were tech related. By the end of the following decade, just two were.At the end of the noughties, seven of the world's largest companies were natural resource companies. By the end of the following decade, not one was.2022 seems to have marked the turning point. The Covid rallies in tech were the final spike in an amazing bull market. These are all huge companies that make the foundation on which portfolios are built. But how many of 2021's top ten will be there in ten years' time? Not more than two or three I wouldn't have thought.You have to hand it to Microsoft. It's been there three decades running. Perhaps that's because, in a way, as much as it is a tech stock it is also a patent holding company. Apple has also made that list twice. So mighty are these companies and so entrenched in their monopolies, it is very hard to envisage them not being so mighty in ten years' time.  But this is the world of tech. New inventions can come along that quickly make old monopolies redundant.In that regard, I've just been playing with a new Open AI chat bot that my son, who is at University in Bristol, put me on to and it's extraordinary. It can write essays. It wrote a biog that I am now going to use on my site - and it's a better biog than I've ever had. What the impact of it might be on, say, Google, who knows? The investment landscape has changed for goodGave says waiting for the Fed to cut rates and being long the likes of Nvidia or Alphabet makes “about as much sense as sitting in Tokyo in 1992 waiting for the Bank of Japan to cut rates in order to buy Industrial Bank of Japan.”In short, we are in a transitioning phase. What does the next decade have in store for us? Elsewhere Howard Marks of Oaktree Capital also argues that we are in a “Sea Change” - only the third we have seen in his career. That the model of success for the previous cycle is not going to work this time around. He suggests that the high leverage, asset owning, low-interest rate, low yield, low inflation models of the last cycle are behind us. The general landscape is much less optimistic. He suggests that stimulative rates are not coming anytime soon and that the base rate will remain in the 2-4% range. We are now in a full-return world, not a low-return world, and investors can get good returns from credit yield instruments -  high-yielding bonds and so on.What worked before will not work now. What works now might be something that hasn't worked for a long time.Commodities could be winners Gave meanwhile suggests emerging markets and commodities. Even with a China slowdown/lockdown, the Fed tightening and a surging US dollar, the S&P Goldman Sachs Commodities Index (S&P GCSI) has still returned 27%.This will be an even better story when these forces reverse - when China opens up, the Fed stops tightening and the US dollar rolls over. The GSCI has returned 27% mostly on the back of energy. Metals have been a rather different story. But with those three reversals in place - weak dollar, no more tightening and China open - the stage is set for metals.What do you think the next decade's narrative is going to be? It's there percolating somewhere. Malthusian, Ricardian or Schumpterian?Check out special report on helium, if you haven't already, and Dr John's latest on bonds. Both for paying subscribers, there is lots of valuable info to be had.Please consider subscribing.If you are interested in buying gold bullion, my current recommended bullion dealer in the UK is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. You can deal with a human being. I have an affiliation deals with them.Have you got you Kisses on a Postcard CDs yet?This article first appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Bayu Rambling about Finance
66. Krisis Krisis Krisis.. Apa Yang Harus Dilakukan

Bayu Rambling about Finance

Play Episode Listen Later Oct 17, 2022 9:42


Bagi yang ingin mendengarkan cuplikan dari Howard Mark dari Oaktree Capital: https://www.linkedin.com/feed/update/urn:li:activity:6986358010554052608/

Acquired
Howard Marks & Andrew Marks: Something of Value

Acquired

Play Episode Listen Later Aug 30, 2022 94:39 Very Popular


We sit down with legendary investor Howard Marks of Oaktree Capital and his son Andrew who, while less-well-known, is also an incredibly accomplished investor in a very different arena: early-stage VC. The purpose of the conversation was to discuss their joint work together on Howard's all-time most popular memo, “Something of Value”, which made the then-shocking argument that Value and Growth investing are not diametric opposites but rather two sides of the same investing coin. We of course dive deep into that, and also cover plenty of fun Oaktree and investing history, as well as Andrew's favorite topic: selling (or not selling, as the case may be). This is not one to miss! If you want more Acquired, you can follow our public LP Show feed here in the podcast player of your choice (including Spotify!). Links: The Original “Something of Value” Memo Howard and Andrew on Oaktree's “The Memo” podcast Sponsors: Thanks to Vanta for being our presenting sponsor for this special episode. Vanta is the leader in automated security compliance – making SOC 2, HIPAA, GDPR, and more a breeze for startups and organizations of all sizes. You might say they're like the “AWS of security and compliance”! Everyone in the Acquired community can get 10% off using this link. Thank you as well to Brex and to Tiny. ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

Acquired
Howard Marks & Andrew Marks: Something of Value

Acquired

Play Episode Listen Later Aug 30, 2022 94:39


We sit down with legendary investor Howard Marks of Oaktree Capital and his son Andrew who, while less-well-known, is also an incredibly accomplished investor in a very different arena: early-stage VC. The purpose of the conversation was to discuss their joint work together on Howard's all-time most popular memo, “Something of Value”, which made the then-shocking argument that Value and Growth investing are not diametric opposites but rather two sides of the same investing coin. We of course dive deep into that, and also cover plenty of fun Oaktree and investing history, as well as Andrew's favorite topic: selling (or not selling, as the case may be). This is not one to miss! If you want more Acquired, you can follow our public LP Show feed here in the podcast player of your choice (including Spotify!). Links:  The Original “Something of Value” Memo  Howard and Andrew on Oaktree's “The Memo” podcast Sponsors: Thanks to Vanta for being our presenting sponsor for this special episode. Vanta is the leader in automated security compliance – making SOC 2, HIPAA, GDPR, and more a breeze for startups and organizations of all sizes. You might say they're like the “AWS of security and compliance”! Everyone in the Acquired community can get 10% off using this link. Thank you as well to Brex and to Tiny.  ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

The Rules of Investing
We're in 'Tech Wreck 2.0”, and some big names won't make it

The Rules of Investing

Play Episode Listen Later Aug 19, 2022 43:49


The world is opening, but not to calm and stability.  Rather, COVID has left a trail of destruction. And I'm not talking about the health implications. The pandemic has left economies and markets rattled by supply chain problems, inflation, and rate hikes.  Big tech has been hit the hardest as investors flee long-duration stocks.  However, despite sharing an acronym, the big tech stocks have been split down the middle. Some companies are awash with cash and trading at extremely attractive multiples. Others look like emperors with no clothes.   This is one of the topics Livewire's David Thornton tackles with Mary Manning from Alphinity Investment Management. Mary is a Portfolio Manager for the Alphinity Global Fund and Alphinity Global Sustainable Fund. She's been investing in global markets for over 20 years with stints working for Ellerston Capital, Oaktree Capital and Soros Fund Management. We also go deep on US-China relations and compare the two starkly different markets, as well as Mary's interesting take on the ESG challenges brought about by Artificial Intelligence.  Timestamps 1:00 - Back on the road and takeaways 2:00 - low-end vs high end-consumer 3:30 - Diverging FAANGS 8:20 - Big tech profitability 13:20 - US-China hostilities 16:00 - Operating in China 19:00 - Weaponised trade 25:30 - Investing in China 29:00 - Sustainability and AI 37:00 - 3 favourite questions

Value Hive Podcast
Q1 2022 Investor Audibles: Bonsai Partners, RF Capital Management, and Howard Marks

Value Hive Podcast

Play Episode Listen Later Jun 24, 2022 74:03


This week we're continuing our Investor Audibles series with three Q1 2022 letters from the following investors/funds: Andrew Rosenblum, Bonsai Partners (03:00 - 27:00) Roger Fan, RF Capital Management (28:00 - 36:00) Howard Marks, Oaktree Capital (37:00 - 66:00) Please let me know what other letters you'd want to hear on future Investor Audible series episodes! Finally, a big thanks to the following sponsors for making the podcast a reality. Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more! Quartr Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from 12+ countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android. Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you're interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at TIKR.com/hive. --- Support this podcast: https://anchor.fm/valuehive/support

Outliers
#67 (inglês) - Howard Marks: não confie em projeções sobre inflação

Outliers

Play Episode Listen Later Jun 24, 2022 57:19


O convidado mais do que especial do episódio #67 do Outliers é um dos maiores investidores da história moderna do mercado financeiro, Howard Marks - sócio-fundador da Oaktree Capital.Com mais de 50 anos de experiência, Howard montou, junto com Bruce Karsh, uma gestora que se destaca hoje entre as maiores casas focadas em crédito High Yield no mundo, com mais de 160 bilhões de dólares sob gestão.Na conversa, ele fala sobre as características mais importantes para se destacar no mercado, ciclos econômicos (e por que ele não acha que estamos em um ciclo comum), inflação e como acha melhor se posicionar hoje.Episódio simplesmente imperdível!O Outliers é apresentado por Samuel Ponsoni, gestor dos fundos da família Selection na XP, e Carol Oliveira, coordenadora de análise de fundos da XP.Acompanhe todos os conteúdos da XP em https://conteudos.xpi.com.br/Participe do canal do Telegram para estar sempre atualizado: https://t.me/xp_investimentosConfira mais conteúdos também através do nosso Instagram: https://www.instagram.com/xpexpert/ Assine o Expert Pass e tenha acesso a conteúdos exclusivos: https://bit.ly/ExpertPass.Deixe seu comentário, inscreva-se no canal e ative as notificações para receber todas as novidades: https://bit.ly/3lUQQWW.Investir com a XP Investimentos é fácil, basta criar o seu cadastro e em minutos você já pode começar a investir: https://t2m.io/0LmPbW4

Outliers
#67 (dublado) - Howard Marks: não confie em projeções sobre inflação

Outliers

Play Episode Listen Later Jun 24, 2022 51:38


O convidado mais do que especial do episódio #67 do Outliers é um dos maiores investidores da história moderna do mercado financeiro, Howard Marks - sócio-fundador da Oaktree Capital.Com mais de 50 anos de experiência, Howard montou, junto com Bruce Karsh, uma gestora que se destaca hoje entre as maiores casas focadas em crédito High Yield no mundo, com mais de 160 bilhões de dólares sob gestão.Na conversa, ele fala sobre as características mais importantes para se destacar no mercado, ciclos econômicos (e por que ele não acha que estamos em um ciclo comum), inflação e como acha melhor se posicionar hoje.Episódio simplesmente imperdível!O Outliers é apresentado por Samuel Ponsoni, gestor dos fundos da família Selection na XP, e Carol Oliveira, coordenadora de análise de fundos da XP.Acompanhe todos os conteúdos da XP em https://conteudos.xpi.com.br/Participe do canal do Telegram para estar sempre atualizado: https://t.me/xp_investimentosConfira mais conteúdos também através do nosso Instagram: https://www.instagram.com/xpexpert/ Assine o Expert Pass e tenha acesso a conteúdos exclusivos: https://bit.ly/ExpertPass.Deixe seu comentário, inscreva-se no canal e ative as notificações para receber todas as novidades: https://bit.ly/3lUQQWW.Investir com a XP Investimentos é fácil, basta criar o seu cadastro e em minutos você já pode começar a investir: https://t2m.io/0LmPbW4

CryptoNews Podcast
#133: William Wu on P2E Gaming, SolChicks and Catheon Gaming

CryptoNews Podcast

Play Episode Listen Later Jun 9, 2022 38:35


William Wu is the Founder of Catheon Gaming, a team of 200+ people, behind a number of GameFi projects including SolChicks, SeoulStars and Angrymals. SolChicks became the #1 play-to-earn game on Solana within 3 months of launch, raising $55m and listing at a peak diluted market capitalization of $8 billion. Prior to his ventures, he was a Vice President at Oaktree Capital, $120 billion asset manager owned by Brookfield Asset Management.In this conversation, we discuss:- Covid-19 in China - World's largest distressed investor - SOL vs ETH - The future of P2E gaming - Growing from 1-200+ people in less than 6 months - Converting web2 legacy companies to web3- Building a web3 one-stop-shop - Working with BP  Catheon GamingWebsite: catheongaming.comTwitter: @CatheonGamingLinkedIn: Catheon GamingWilliam WuTwitter: @SirWilliamWuLinkedIn: William Wu ---------------------------------------------------------------------------------  This episode is brought to you by PrimeXBT.  PrimeXBT offers a robust trading system for both beginners and professional traders that demand highly reliable market data and performance. Traders of all experience levels can easily design and customize layouts and widgets to best fit their trading style. PrimeXBT is always offering innovative products and professional trading conditions to all customers.  PrimeXBT is running an exclusive promotion for listeners of the podcast. After making your first deposit, 50% of that first deposit will be credited to your account as a bonus that can be used as additional collateral to open positions.  Code: CRYPTONEWS50  This promotion is available for a month after activation. Click the link below:  PrimeXBT x CRYPTONEWS50

Closing Bell
Closing Bell: 2-day win streak, Oaktree's Howard Marks on market volatility & Fmr. Bank of England Governor on risks of a recession 5/3/22

Closing Bell

Play Episode Listen Later May 3, 2022 42:36


Stocks closing higher for a second straight day ahead of Wednesday's Federal Reserve decision on interest rates. Oaktree Capital's Howard Marks discusses this year's wild market volatility and why he thinks the worst of the market's excesses have been corrected. Bridgewater's Rebecca Patterson says she doesn't like stocks or bonds right now and explains what investments she finds attractive right now. Oppenheimer's Chris Kotowski reveals the three big banks he thinks look cheap. And Former Bank of England Governor Mark Carney on whether the Fed will achieve a soft landing and avoid a recession.

The Minerals and Royalties Podcast
Apr 2022 Webinar Discussion -- The Evolving Role of Private Equity in the Minerals & Royalties Space

The Minerals and Royalties Podcast

Play Episode Listen Later Apr 17, 2022 68:52


On April 12th 2022, Tim Pawul - President of Minerals & Royalties Authority moderated a webinar discussion around the topic of "The Evolving Role of Private Equity in the Minerals & Royalties Space". The panelists included, Allen Li - SVP of the Opportunities Fund at Oaktree Capital, Peter Ray - Principal at NGP, and Eric Madry - Managing Director at Post Oak Minerals LLC. A big thanks to our 3 Minerals & Royalties Podcast Sponsors: --SourcEnergy: For more information on SourcEnergy's satellite imagery & AI driven technology, please visit www.sourcenergy.com/minerals or email info@sourcenergy.com for a free demo --Opportune: For more information on Opportune's back office & outsourcing services, then please visit www.opportune.com --Noble Royalties: To explore ways to do deals w/ Noble, please email Chase Morris at cmorris@nobleroyalties.com or Shannon Manner smanner@nobleroyalties.com

Motley Fool Money
12 Spring Cleaning Stocks

Motley Fool Money

Play Episode Listen Later Apr 15, 2022 38:56 Very Popular


Our portfolios benefit from spring cleaning as much as our closets and yards do. (0:30) Andy Cross and Maria Gallagher discuss: - Stocks investors should consider trimming like hedges - 2 stocks to throw out altogether - Stocks that spark so much joy Marie Kondo would be proud - Potential comebacks for online retailers - Why they'd be hold Zscaler and Disney shares like Brood X cicadas - Actual cleaning tips! (19:00) Bill Mann talks with Oaktree Capital co-founder Howard Marks, author of Mastering the Market Cycle: Getting the Odds on Your Side. Got a question about stocks, industries, or trends? Call our voicemail: (703) 254-1445. Stocks discussed: WIX, OPEN, SFIX, PTON, MSFT, TREX, MELI, REAL, POSH, ETSY, ZS, DIS, OAK-A, OAK-B Host: Chris Hill Guests: Andy Cross, Maria Gallagher, Bill Mann, Howard Marks Engineers: Dan Boyd, Rick Engdahl

The Epoch Times, US China Watch
Property Developer Meltdown in China

The Epoch Times, US China Watch

Play Episode Listen Later Apr 2, 2022 7:43


Red-hot risk now expanding to Western auditors, shadow banks, and Beijing itself. https://ept.ms/3Dv70NI China's property developers, Beijing, lagging economy, shadow banks, Oaktree Capital, Evergrande, HongKong, PwC and Deloitte, financial institutions, AVIC Trust, China MinMetals, 

Wall Street Vision - Investing Podcast
37. How Howard Marks Invested During the Global Financial Crisis and his Key Investing Lessons

Wall Street Vision - Investing Podcast

Play Episode Listen Later Nov 29, 2021 19:18


Howard Marks is widely considered to be a top investor. He became a self-made billionaire and is the co-founder and co-chairman of Oaktree Capital. They manage $150 billion+ of assets so you know his firm is the real deal. In this episode we'll cover: The epiphany that Howard discovered while investing in the "Nifty Fifty" stock era The key mindsets that any good investor should have What he did during global financial crisis -- Including how he made an investment that yielded a 23x return in less than 10 years (!) Special thank you to Meb Faber for audio in this episode. You can check out Meb's awesome full interview with Howard here. Two books that Howard wrote that are a great read: Mastering the Market Cycle The Most Important Thing Contact me to say hello: Vlad (at) wallstreetvision.com Sources: https://www.stewartinvestors.com/all/insights/stap/nifty-fifty.html https://www.multpl.com/s-p-500-pe-ratio https://mebfaber.com/2018/10/03/episode-124-howard-marks-its-not-what-you-buy-its-what-you-pay-for-it-that-determines-whether-something-is-a-good-investment/ Music: https://pixabay.com/ Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Equity Mates Investing Podcast
Expert: Mary Manning - 3 stocks to watch as the world embraces renewables

Equity Mates Investing Podcast

Play Episode Listen Later Oct 27, 2021 47:04


Mary Manning is PM at Alphinity Investment Management, managing the Alphinity Global Fund and Global Sustainable Fund. Mary was previously the Portfolio Manager for the Asia strategies at Ellerston Capital in Sydney where she worked from 2012 to 2021. Prior to that she was an analyst at Oaktree Capital where she covered the Financials sector in Emerging Markets, and before that Mary worked as an analyst at Soros Funds Management in New York and she started her career as an investment banker at Citi, where she worked in New York, Moscow and London.Today, we're going to discuss the energy transition, and the investment opportunity of decarbonisation. InStyle solar are offering the Equity Mates community 10% off a new solar system. To book a personalised solar consultation with Instyle Solar's experts to start, click here. Order the book on Booktopia or Amazon now. If you want to let Alec or Bryce know what you think of an episode, contact them here. Make sure you don't miss anything about Equity Mates - sign up to our email list here. And visit this page if you love everything Equity Mates and want to support our work.*****In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing Podcast acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. This episode contained sponsored content from InStyle Solar. *****Equity Mates Investing Podcast is a product of Equity Mates Media. All information in this podcast is for education and entertainment purposes only. Equity Mates gives listeners access to information and educational content provided by a range of financial services professionals. It is not intended as a substitute for professional finance, legal or tax advice. The hosts of Equity Mates Investing Podcast are not financial professionals and are not aware of your personal financial circumstances.Equity Mates Media does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given.Before making any financial decisions you should read the Product Disclosure Statement and, if necessary, consult a licensed financial professional. Do not take financial advice from a podcast or video. For more information head to the disclaimer page on the Equity Mates website where you can find ASIC resources and find a registered financial professional near you. Equity Mates is part of the Acast Creator Network. See acast.com/privacy for privacy and opt-out information.

Nightly Business Report
Correction coming?, oil's well at Chevron, and China in a class of its own?

Nightly Business Report

Play Episode Listen Later Jul 30, 2021 43:58


Legendary investor Howard Marks of Oaktree Capital joins us with his take on the economy, markets and inflation. Does we agree with Scott Minerd's bold call that a big market correction is coming? We'll ask him that, too. Plus, Chevron is having a stellar year as the energy sector outperforms. We'll speak exclusively with its CEO about earnings, ESG and more. And, should China be considered a separate asset class from the rest of the world? We'll look at what's at stake as regulators crack down.

Rodcast
Real Estate Startup to 15,000 Employees - Barak Zimerman (Reef Technology)

Rodcast

Play Episode Listen Later Jul 2, 2021 36:12


In this episode, we are joined by Barak Zimerman, the Managing Director of UK & Europe for REEF Technology. The REEF Platform enables the real estate to be tailored to meet the diverse needs of the surrounding neighborhood. They have built a foundation on top of the traditional parking infrastructure allowing them to get essential products and services closer to the customer than ever before. Barak joined the startup 6 years ago and now the business is a Global Giant with 15,000 employees as well as having raised over $700 million from financial heavyweights such as Softbank, Abu Dhabi's state fund and Oaktree Capital. They have recently tabled a bid to takeover the UK car park firm NCP.Barak explains brilliantly the way in which the business utilises data to capitalise on trends such as urbanisation as well as how they add huge value to landlords assets. This really was one of my favourite episodes with so much fantastic information given by someone who thinks about the business in an incredibly thoughtful way.He also discussed;What does Reef Technology do and what is their role in real estate?How are they able to add value to car parks?Some of the different types of real estate they operate in.Will the pandemic have changed the trend of urbanisation.Challenges in growing the business in the UK and Europe.What the most important metrics are in terms of looking at the businesses performance.Advice for people looking to join a start up.https://reeftechnology.com See acast.com/privacy for privacy and opt-out information.

HUM Curated Podcasts
Howard Marks - Embracing the Psychology of Investing - [Invest Like the Best, EP. 231]

HUM Curated Podcasts

Play Episode Listen Later Jun 28, 2021 58:10


Podcast: Invest Like the Best with Patrick O'Shaughnessy (LS 67 · TOP 0.05% what is this?)Episode: Howard Marks - Embracing the Psychology of Investing - [Invest Like the Best, EP. 231]Pub date: 2021-06-22My guest today is Howard Marks, co-founder of Oaktree Capital, a leading investment manager, and one of the world's largest distressed debt investors. In our conversation, we discuss takeaways from the market selloff and rapid recovery in 2020, the importance of assessing both quantitative and qualitative factors in markets, and the benefits Howard has realized from a career of writing. I hope you enjoy this great conversation with Howard Marks.    For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ------ This episode is brought to you by Tegus. Tegus has built the most extensive primary information platform available for investors.   With Tegus, you can learn everything you'd want to know about a company in an on-demand digital platform. Investors share their expert calls, allowing others to instantly access more than 10,000 calls on Affirm, Teladoc, Roblox, or almost any company of interest. All you have to do is log in. Visit tegus.co/patrick to learn more.   ------   This episode is brought to you by Paxos. Paxos offers your customers crypto buying, selling, transferring, and more with easy to integrate APIs. Whether you're a small fintech or a large financial institution, Paxos takes care of everything in the backend – from licensing and compliance to custody and exchange. You can start offering crypto to your customers within months. To learn more, visit paxos.com/patrick.   ------ Invest Like the Best is a property of Colossus, Inc. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.    Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @patrick_oshag | @JoinColossus   Show Notes [00:03:40] - [First question] - Ideas he has that he feels will stand the test of time [00:04:39] - Defining the difference between risk and uncertainty and a frame of mind to have around uncertainty as an investor [00:05:31] - Equity and debt investing as the businesses of what could go right or wrong [00:07:01] - How exciting equity up runs can lead to analytical blindspots [00:09:10] - Ways in which the last 18 months stacked up against his market experience [00:11:57] - Ways we can change our model of the world going forward to avoid a crisis [00:15:04] - Why psychology is important to consider over data during market extremes [00:17:46] - Reflections and lessons from discussing the concept of value with his son [00:27:33] - Spirited disagreements he and his son continue to have about markets [00:31:46] - What he's learned about writing well and the utility of doing so [00:40:39] - Lessons that are better experienced in investing than reading about them [00:43:35] - Daring to be great and the willingness to be wrong, alone or different [00:50:24] - Embracing mystery and the joys it can bring [00:53:28] - The kindest thing anyone has ever done for himThe podcast and artwork embedded on this page are from Colossus | Investing & Business Podcasts, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

HUM Curated Podcasts
Howard Marks - Embracing the Psychology of Investing - [Invest Like the Best, EP. 231]

HUM Curated Podcasts

Play Episode Listen Later Jun 28, 2021 58:14


Podcast: Invest Like the Best with Patrick O'Shaughnessy (LS 67 · TOP 0.05% what is this?)Episode: Howard Marks - Embracing the Psychology of Investing - [Invest Like the Best, EP. 231]Pub date: 2021-06-22My guest today is Howard Marks, co-founder of Oaktree Capital, a leading investment manager, and one of the world's largest distressed debt investors. In our conversation, we discuss takeaways from the market selloff and rapid recovery in 2020, the importance of assessing both quantitative and qualitative factors in markets, and the benefits Howard has realized from a career of writing. I hope you enjoy this great conversation with Howard Marks.    For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ------ This episode is brought to you by Tegus. Tegus has built the most extensive primary information platform available for investors.   With Tegus, you can learn everything you'd want to know about a company in an on-demand digital platform. Investors share their expert calls, allowing others to instantly access more than 10,000 calls on Affirm, Teladoc, Roblox, or almost any company of interest. All you have to do is log in. Visit tegus.co/patrick to learn more.   ------   This episode is brought to you by Paxos. Paxos offers your customers crypto buying, selling, transferring, and more with easy to integrate APIs. Whether you're a small fintech or a large financial institution, Paxos takes care of everything in the backend – from licensing and compliance to custody and exchange. You can start offering crypto to your customers within months. To learn more, visit paxos.com/patrick.   ------ Invest Like the Best is a property of Colossus, Inc. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.    Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @patrick_oshag | @JoinColossus   Show Notes [00:03:40] - [First question] - Ideas he has that he feels will stand the test of time [00:04:39] - Defining the difference between risk and uncertainty and a frame of mind to have around uncertainty as an investor [00:05:31] - Equity and debt investing as the businesses of what could go right or wrong [00:07:01] - How exciting equity up runs can lead to analytical blindspots [00:09:10] - Ways in which the last 18 months stacked up against his market experience [00:11:57] - Ways we can change our model of the world going forward to avoid a crisis [00:15:04] - Why psychology is important to consider over data during market extremes [00:17:46] - Reflections and lessons from discussing the concept of value with his son [00:27:33] - Spirited disagreements he and his son continue to have about markets [00:31:46] - What he's learned about writing well and the utility of doing so [00:40:39] - Lessons that are better experienced in investing than reading about them [00:43:35] - Daring to be great and the willingness to be wrong, alone or different [00:50:24] - Embracing mystery and the joys it can bring [00:53:28] - The kindest thing anyone has ever done for himThe podcast and artwork embedded on this page are from Colossus | Investing & Business Podcasts, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Invest Like the Best with Patrick O'Shaughnessy
Howard Marks - Embracing the Psychology of Investing - [Invest Like the Best, EP. 231]

Invest Like the Best with Patrick O'Shaughnessy

Play Episode Listen Later Jun 22, 2021 58:10


My guest today is Howard Marks, co-founder of Oaktree Capital, a leading investment manager, and one of the world's largest distressed debt investors. In our conversation, we discuss takeaways from the market selloff and rapid recovery in 2020, the importance of assessing both quantitative and qualitative factors in markets, and the benefits Howard has realized from a career of writing. I hope you enjoy this great conversation with Howard Marks.    For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ------ This episode is brought to you by Tegus. Tegus has built the most extensive primary information platform available for investors.   With Tegus, you can learn everything you'd want to know about a company in an on-demand digital platform. Investors share their expert calls, allowing others to instantly access more than 10,000 calls on Affirm, Teladoc, Roblox, or almost any company of interest. All you have to do is log in. Visit tegus.co/patrick to learn more.   ------   This episode is brought to you by Paxos. Paxos offers your customers crypto buying, selling, transferring, and more with easy to integrate APIs. Whether you're a small fintech or a large financial institution, Paxos takes care of everything in the backend – from licensing and compliance to custody and exchange. You can start offering crypto to your customers within months. To learn more, visit paxos.com/patrick.   ------ Invest Like the Best is a property of Colossus, Inc. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.    Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @patrick_oshag | @JoinColossus   Show Notes [00:03:40] - [First question] - Ideas he has that he feels will stand the test of time [00:04:39] - Defining the difference between risk and uncertainty and a frame of mind to have around uncertainty as an investor [00:05:31] - Equity and debt investing as the businesses of what could go right or wrong [00:07:01] - How exciting equity up runs can lead to analytical blindspots [00:09:10] - Ways in which the last 18 months stacked up against his market experience [00:11:57] - Ways we can change our model of the world going forward to avoid a crisis [00:15:04] - Why psychology is important to consider over data during market extremes [00:17:46] - Reflections and lessons from discussing the concept of value with his son [00:27:33] - Spirited disagreements he and his son continue to have about markets [00:31:46] - What he's learned about writing well and the utility of doing so [00:40:39] - Lessons that are better experienced in investing than reading about them [00:43:35] - Daring to be great and the willingness to be wrong, alone or different [00:50:24] - Embracing mystery and the joys it can bring [00:53:28] - The kindest thing anyone has ever done for him

GentleMan Style Podcast-God, Family, Finance, Self
Alternative Investment-President Jordan Haddad explains Investing in Spirits

GentleMan Style Podcast-God, Family, Finance, Self

Play Episode Listen Later Jun 10, 2021 29:37


President and Co-Founder Jordan Haddad is going to teach us how his delicious spirit is produced and how we can make get in on this potential investment and invest our money into it. Jordan Haddad is a young entrepreneur with a passion for developing, launching, and eventually selling, young businesses. He first cut his teeth in the high powered world of finance, first as a mergers and acquisitions investment banker with Lazard and later as a high yield bond analyst with Oaktree Capital, two of the most respected financial institutions on Wall Street. Jordan worked hands-on with M&A transactions ranging from over $100 Million (Del Real Foods) to $50 Billion (Kraft/Heinz) in the consumer goods industry. He departed finance to pursue more personally rewarding opportunities, which is how he came into contact with the Acre Resort and eventually launched Acre Mezcal. Jordan graduated with distinction from the Stephen M. Ross School of Business at the University of Michigan in 2014

Finance Simplified
EP 22 — Simplifying High-Yield Bonds Part 2 with Sheldon Stone of Oaktree Capital

Finance Simplified

Play Episode Listen Later May 15, 2021 29:34


In this episode, my co-host Alex Patel and I continue our conversation with Sheldon Stone, co-founder and head of high-yield bonds at Oaktree Capital, about high-yield bonds. We delve into topics like high-yield bond investing attitudes and approaches, learning about the risks associated with high-yield bonds, the nature of different high-yield bond markets, Sheldon’s career at Oaktree, and much more! Check out the episode to learn about high-yield bonds in a simplified way! Sheldon Stone is a co-founder of Oaktree Capital and currently is the head of Oaktree’s high yield bond area. In this capacity, he serves as co-portfolio manager of Oaktree’s U.S. High Yield Bond and Global High Yield Bond strategies. Before co-founding Oaktree in 1995, he established TCW’s High Yield Bond department with Howard Marks in 1985 and ran the department for ten years. Prior to joining TCW, he worked with Howard Marks at Citibank for two years where he performed credit analysis and managed high yield bond portfolios. He is on the Board of Overseers at Columbia University as well as an adjunct professor at the University of Southern California and a member of the investment committee for Bowdoin College. Sheldon earned his bachelor's from Bowdoin College and his MBA from Columbia University. Want to meet with us for 15-30 minutes? Schedule a time here: calendly.com/streetfins! Follow StreetFins on Twitter, Instagram, and Facebook, and follow us on Twitter @rohaninvest and @patelinvest! Find and subscribe to Finance Simplified on Apple Podcasts, Google Podcasts, Spotify, and Anchor.fm! If you enjoy listening to our episodes and are learning, then we’d be eternally grateful if you gave us a 5-star rating on Apple Podcasts! Sign up for our weekly newsletter to receive simplified market recaps and recommendations to learn finance here: streetfins.substack.com! We always love to hear from our listeners! If you have any feedback for us, we’d love to know! You will also get access to all of our past episodes’ transcripts when you fill this out! It will only take 1-2 minutes to tell us what all you like and what we could do better in future episodes: bit.ly/3sv4ikp. Visit StreetFins.com for all our resources and content that simplify finance for you!

Finance Simplified
EP 21 — Simplifying High-Yield Bonds Part 1 with Sheldon Stone of Oaktree Capital

Finance Simplified

Play Episode Listen Later May 1, 2021 33:22


In this episode, my co-host Alex Patel and I talk to Sheldon Stone, co-founder and head of high-yield bonds at Oaktree Capital, about high-yield bonds. We delve into topics like the basics of high-yield bonds, the history of high-yield bonds, and much more! Check out the episode to learn about high-yield bonds in a simplified way! Sheldon Stone is a co-founder of Oaktree Capital and currently is the head of Oaktree’s high yield bond area. In this capacity, he serves as co-portfolio manager of Oaktree’s U.S. High Yield Bond and Global High Yield Bond strategies. Before co-founding Oaktree in 1995, he established TCW’s High Yield Bond department with Howard Marks in 1985 and ran the department for ten years. Prior to joining TCW, he worked with Howard Marks at Citibank for two years where he performed credit analysis and managed high yield bond portfolios. He is on the Board of Overseers at Columbia University as well as an adjunct professor at the University of Southern California and a member of the investment committee for Bowdoin College. Sheldon earned his bachelor's from Bowdoin College and his MBA from Columbia University. Follow StreetFins on Twitter, Instagram, and Facebook here, and follow me on Twitter @rohaninvest! Find and subscribe to Finance Simplified on Apple Podcasts, Google Podcasts, Spotify, and Anchor.fm! We've been following the tragic developments with COVID in India, and we want to help in any way we can. If you want to use our platform to help, please send us an email at fspodcast@streetfins.com letting us know how we can be helpful. If you enjoy listening to our episodes and are learning, then we’d be eternally grateful if you gave us a 5-star rating on Apple Podcasts! Sign up for our weekly newsletter to receive simplified market recaps, finance tips, podcast recommendations here: streetfins.substack.com! We always love to hear from our listeners! If you have any feedback for us, we’d love to know! You will also get access to all of our past episodes’ transcripts when you fill this out! It will only take 1-2 minutes to tell us what all you like and what we could do better in future episodes: bit.ly/3sv4ikp. Visit StreetFins.com for all our resources and content that simplify finance for you!

The Social Standard Podcast
Acre Mezcal: Setting the Standard In Sustainable Experiences

The Social Standard Podcast

Play Episode Listen Later Apr 16, 2021 35:22


Jordan Haddad is a young entrepreneur with a passion for developing, launching, and eventually selling, young businesses. He first cut his teeth in the high powered world of finance, first as a mergers and acquisitions investment banker with Lazard and later as a high yield bond analyst with Oaktree Capital, two of the most respected financial institutions on Wall Street. Jordan worked hands-on with M&A transactions ranging from over $100 Million (Del Real Foods) to $50 Billion (Kraft/Heinz) in the consumer goods industry. He departed finance to pursue more personally rewarding opportunities, which is how he came into contact with the Acre Resort and eventually launched Acre Mezcal. Jordan graduated with distinction from the Stephen M. Ross School of Business at the University of Michigan in 2014.https://www.acremezcal.com/To set the standard in influencer marketing, please check out our website at www.sostandard.com or follow along with us on Instagram and Linkedin. And be sure to head over to The Social Standard Youtube channel for our video version. Follow The Social Standard on Socials for Up To Date Marketing Expertise and InsightsInstagram Facebook LinkedinTikTokBlog

The Acquirers Podcast
Caesar's Coup: Max Frumes and Sujeet Indap on bankruptcy and vulture investing with Tobias Carlisle on The Acquirers Podcast

The Acquirers Podcast

Play Episode Listen Later Apr 12, 2021 43:38


Authors Max Frumes and Sujeet Indap on their new book The Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street: https://amzn.to/3cFgNVJ From the blurb: It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards. In the tradition of Barbarians at the Gate and The Big Short comes the riveting, multi-dimensional poker game between private equity firms and distressed debt hedge funds that played out from the Vegas Strip to Manhattan boardrooms to Chicago courthouses and even, for a moment, the halls of the United States Congress. On one side: Apollo Global Management and TPG Capital. On the other: the likes of Elliott Management, Oaktree Capital, and Appaloosa Management. ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I've launched a new podcast called The Acquirers Podcast. The podcast is about finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Firm: https://acquirersfunds.com/ Website: https://acquirersmultiple.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer’s Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon’s Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, bus

Private Equity Fast Pitch
The Caesar's Palace Coup, Max Frumes & Sujeet Indap

Private Equity Fast Pitch

Play Episode Listen Later Apr 9, 2021 47:22


Today we speak to the authors of The Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street https://tinyurl.com/caesarsbook This is where Oceans 11 meets Chapter 11 It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards.   In the tradition of Barbarians at the Gate and The Big Short comes the riveting, multi-dimensional poker game between private equity firms and distressed debt hedge funds that played out from the Vegas Strip to Manhattan boardrooms to Chicago courthouses and even, for a moment, the halls of the United States Congress. On one side: Apollo Global Management and TPG Capital. On the other: the likes of Elliott Management, Oaktree Capital, and Appaloosa Management.   The Caesars bankruptcy put a twist on the old-fashioned casino heist. Through a $27 billion leveraged buyout and a dizzying string of financial engineering transactions, Apollo and TPG—in the midst of the post-Great Recession slump—had seemingly snatched every prime asset of the company from creditors, with the notable exception of Caesars Palace. But Caesars' hedge fund lenders and bondholders had scooped up the company's paper for nickels and dimes. And with their own armies of lawyers and bankers, they were ready to do everything necessary to take back what they believed was theirs—if they could just stop their own infighting.   These modern financiers now dominate the scene in Corporate America as their fight-to-the-death mentality continues to shock workers, politicians, and broader society—and even each other.   In The Caesars Palace Coup, financial journalists Max Frumes and Sujeet Indap illuminate the brutal tactics of distressed debt mavens—vultures, as they are condemned—in the sale and purchase of even the biggest companies in the world with billions of dollars hanging in the balance.   Sujeet Indap is the U.S. editor of the Lex Column at the Financial Times, where he contributes stories across the paper. He has written extensively on the intersection of corporate finance and corporate law. Indap was previously an investment banker before he joined the Financial Times in 2013. He is a graduate of Pomona College and the Wharton School at the University of Pennsylvania. Indap lives in Manhattan, NY, with his wife.   Max Frumes leads a news team at Fitch Solutions covering corporate debt and restructuring. He previously was the founding editor of a leading publication covering corporate bankruptcy, and before that reported for S&P's Leveraged Commentary & Data and The Deal. Frumes received his undergraduate degree from the University of California, Berkeley, and an MSJ from Northwestern's Medill School of Journalism. He lives in Brooklyn with his wife and daughter.  

Business Career Success Podcast
Oaktree Capital Managing Director, Milwood Hobbs, Jr. on What makes Oaktree special, distressed investing, becoming a better investor, and advice

Business Career Success Podcast

Play Episode Listen Later Mar 30, 2021 58:34


Oaktree Capital Managing Director & Head of North America Sourcing & Origination, Milwood Hobbs, Jr. on the Elevate platform - with Elevate founder, Kaushik Ravi  (6+ year Goldman Sachs VP & Director in PE). We cover a range of topics - including Overview of Milwood's career & lessons learned, Overview of Oaktree and what makes it a special for him, how to develop an investor's mindset, how to think about growth vs. credit investing, evolution of the credit markets, what Oaktree looks for in candidates, and Q&A from the audience of students & professionals. Elevate Network is the largest finance & investing career platform in North America, partnered up with the top 35+ undergraduate and top 10+ MBA programs. We've featured professionals from the top 50+ Private Equity, Hedge Fund, Investing, Venture Capital and Investment Banking firms in the world. For more resources, check out elevatelab.org

Stock Pickers
#89 The Most Important Episode

Stock Pickers

Play Episode Listen Later Mar 18, 2021 55:34


Legendary investor and founder of Oaktree Capital talks inflation, interests, investiment philosophy and the pandemic.Hosts: Thiago Salomão and Renato SantiagoGuest: Howard MarksEditor: Nando LimaSocial media and meme maker: Josué GuedesAbout us: https://linktr.ee/stockpickers_

Ground Game Podcast
Rings of Hell IX: The Youth Sports Swindle

Ground Game Podcast

Play Episode Listen Later Mar 17, 2021 60:00


@nolympicsla debunk the feel good fuzzies of the LA84 Foundation, often perceived as a benign altruistic youth sports non-profit but which is – after some serious scrutiny – really an unaccountable non-profit who merely claims to promote social justice and the empowering of marginalized communities. In practice, they’re more active in whitewashing LA than they are in making it more equitable. They’re massive investors in real estate giants/slumlords like Blackstone and Oaktree Capital, and their work has been used to leverage the 2028 Olympics. To learn more about the LA84 Foundation, including a shocking look at their tax filings, check out the blog at nolympicsla.com. ‘Rings of Hell’ segment originally produced with @knockdotla: 11/20/18

Ground Game Podcast
Rings of Hell IX: The Youth Sports Swindle

Ground Game Podcast

Play Episode Listen Later Mar 11, 2021 60:00


@nolympicsla debunk the feel good fuzzies of the LA84 Foundation, often perceived as a benign altruistic youth sports non-profit but which is – after some serious scrutiny – really an unaccountable non-profit who merely claims to promote social justice and the empowering of marginalized communities. In practice, they’re more active in whitewashing LA than they are in making it more equitable. They’re massive investors in real estate giants/slumlords like Blackstone and Oaktree Capital, and their work has been used to leverage the 2028 Olympics. To learn more about the LA84 Foundation, including a shocking look at their tax filings, check out the blog at nolympicsla.com. ‘Rings of Hell’ segment originally produced with @knockdotla: 11/20/18

CMQ Investing Presents: Compound Money Quietly
The Multiple Mental Models Approach To Investing

CMQ Investing Presents: Compound Money Quietly

Play Episode Listen Later Feb 22, 2021 18:52


Whether you know about mental models or not, this episode adds something completely unique to the conversation. The multidisciplinary (aka multiple mental models) approach to thinking gave Charlie Munger an enduring competitive edge as an investor, and he credits it with enhancing all areas of his life. We put Charlie’s first public discussion about his multiple mental models approach in context of Berkshire Hathaway’s history and the $1 billion dollar bet Berkshire made on Coca-Cola in the late 1980s. We also make a unique discovery i.e. how the using multiple mental models to assess investment opportunities continues to be Berkshire Hathaway’s edge, as illustrated by the $60 billion dollar bet Berkshire on Apple. Howard Marks is the founder of Oaktree Capital and the author of an excellent book titled The Most Important Thing. In the very first chapter, Marks discusses the kind of thinking that is required to consistently outperform the market, something that only a small club of investors can say they’ve done consistently decade-after-decade. “Since other investors may be smart, well-informed and highly computerized, you must find an edge they don’t have. You must think of something they haven’t thought of, see things they miss or bring insight they don’t possess.” If you want an edge an investor, then Charlie Munger’s multidisciplinary approach to thinking is something you need-to-know. Here is what else you will learn: The origin of Charlie Munger’s multidisciplinary approach to thinking i.e. why he became multidisciplinary in the first place How Charlie Munger changed Warren Buffett’s views on investing in the late 1960s How the multidisciplinary—or multiple mental models approach—to investing helped Berkshire Hathaway make it’s biggest bet of all time The details of the 1994 speech where Charlie Munger introduced his thinking system, but in context of Berkshire Hathaway’s challenges and triumphs in the 1980s and early 1990s. How Berkshire’s $60 billion dollar bet on Apple is an example of the enduring edge that the Munger system provides

Capital Spotlight
Value vs Growth

Capital Spotlight

Play Episode Listen Later Feb 1, 2021 4:14


For those that know me, you know I'm a huge fan of Howard Marks.He writes really thoughtful quarterly memos about investing principles and current events. He's on the conservative side which is one of the reasons his firm Oaktree Capital, which specializes in credit, has been so successful over the years. However, being more aggressive and pursuing growth has paid off for many investors in the last two decades, calling into question the principles of value investing.Listen in to hear more about value vs growth.

Economy
Howard Marks: the false dichotomy between value and growth investing

Economy

Play Episode Listen Later Jan 28, 2021 45:31


Is value vs growth a false dichotomy? That's a question Max Richardson, senior investment director, Investec Wealth & Investment UK, put to Oaktree Capital's Howard Marks, following the latter's most recent memo, called “Something of Value”, which has generated a flurry of interest within the investment community. READ MORE · Investec

Investec Focus Radio
Howard Marks: the false dichotomy between value and growth investing

Investec Focus Radio

Play Episode Listen Later Jan 28, 2021 45:31


Is value vs growth a false dichotomy? That's a question Max Richardson, senior investment director, Investec Wealth & Investment UK, put to Oaktree Capital's Howard Marks, following the latter's most recent memo, called “Something of Value”, which has generated a flurry of interest within the investment community. READ MORE · Investec Focus South Africa

Economy
Howard Marks: the false dichotomy between value and growth investing

Economy

Play Episode Listen Later Jan 28, 2021 45:31


Is value vs growth a false dichotomy? That’s a question Max Richardson, senior investment director, Investec Wealth & Investment UK, put to Oaktree Capital’s Howard Marks, following the latter’s most recent memo, called “Something of Value”, which has generated a flurry of interest within the investment community. READ MORE

Investec Focus Radio
Howard Marks: the false dichotomy between value and growth investing

Investec Focus Radio

Play Episode Listen Later Jan 28, 2021 45:31


Is value vs growth a false dichotomy? That’s a question Max Richardson, senior investment director, Investec Wealth & Investment UK, put to Oaktree Capital’s Howard Marks, following the latter’s most recent memo, called “Something of Value”, which has generated a flurry of interest within the investment community. READ MORE

The UKBitcoinMaster Podcast Series
OAKTREE'S HOWARD MARKS SON HOLDS BTC, BTC TO $3T MCAP BY 2025,cPROGRAMMER LOSES ACCESS TO $220M BTC

The UKBitcoinMaster Podcast Series

Play Episode Listen Later Jan 14, 2021 40:07


#bitcoin (14/01/2021) Oaktree Capital's co-chairman Howard Marks has stated in a memo to investors that his son holds Bitcoin, Bitcoin has the potential to reach a $3T market cap by 2025, The programmer who has forgotten the password to his Bitcoin worth over $200m, Christine Lagarde once more pushing for regulation… and the head of a crypto scam goes to jail for ten years! Some tweets as always. Support The Channel: Leave a LN tip: TippinMe: https://tippin.me/@UKBitcoinMaster Leave a BTC tip: 3AQfQDVxz7Nyz68tJjwS44D7McvaWZvL2L

Wharton Digital Health Podcast
Andrew Dudum, Hims & Hers, on disrupting healthcare by reimagining the patient experience

Wharton Digital Health Podcast

Play Episode Listen Later Jan 5, 2021 44:15


In this episode, we interview Andrew Dudum, the Founder & CEO of Hims & Hers. Hims & Hers is a digital health company focused on destigmatizing health and wellness conditions while making it easier for everyone to access quality care. Since launching in November 2017, Hims & Hers has raised approximately $260MM in funding from investors including Oaktree Capital, Maverick, IVP, among others, and is poised to IPO via SPAC this year. Hims & Hers is one of the fastest growing direct-to-consumer healthcare brands to date. Key topics we discussed: How Hims & Hers disrupted the ~$4 trillion healthcare industry by creating a telehealth offering that brings quality, access, and affordability to more Americans while building a brand consumers love How to improve the American healthcare system, beginning with getting primary care right and providing a quality healthcare safety net to all Americans Reflections on the personal and economic benefits of investing in personal health and pursuing work you truly enjoy

Business Standard Podcast
Market Ahead, December 28: Top factors that could guide markets this week

Business Standard Podcast

Play Episode Listen Later Dec 28, 2020 4:18


The benchmark indices ended the holiday-shortened week flat as markets rebounded swiftly in the ensuing sessions following a steep decline on Monday. The BSE Sensex rose 13 points to 46,974, while the Nifty50 was down 11 points at 13,749 for the week. The last week of Calender 2020 is likely to be volatile given the worries on the new strain of coronavirus that is wreaking havoc across Europe and South Africa and expiry of December derivative contracts. However, global developments such as a Brexit deal between European Union and UK over the weekend and US President Donald Trump's go-ahead to the Covid relief and govt funding bill are likely to enthuse stock market bulls. Most global financial markets will remain closed for trading on January 1. Back home, investors will track development related to Covid-19 vaccination. In India, the daily death rate has dropped to the lowest level since early June, while the rate of new infections is at the lowest since early July. The government has planned for a dry run of Covid-19 vaccine in four states - Andhra Pradesh, Assam, Gujarat, and Punjab - which will take place between December 28-29, ahead of actual implementation whenever the drug gets finalised. Drugs Controller General of India may give nod to the Oxford vaccine this week, before deciding on giving emergency use authorisation to the Serum Institute that is manufacturing the shots here, PTI said quoting sources. Meanwhile, the European Union kicked off a continent-wide vaccination campaign less than a week after clearing a shot developed by Pfizer Inc. and BioNTech SE. Apart from these, stock-specific developments would keep investors busy. Auto stocks are likely to be in focus as auto majors would report their monthly sales data for December at the end of the week. Shares of Antony Waste are expected to list on the bourses on Friday after it received a good response from investors for its Rs 300 crore IPO. The share buyback offers of Wipro, Mayur Uniquoters and Kanchi Karpooram will open on December 29, December 30 and December 31 respectively. Besides this, investors would keep a track of FII inflows, rupee trajectory and movement in oil prices. And now, let's take a look at the trade setup for today Global shares ticked up on Monday after a report said that US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign. Japan’s Nikkei inched up 0.4% and MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2%. Meanwhile, U.S. S&P futures last traded up 0.4%. Back home, Indian markets too mirrored the positive mood as SGX Nifty was trading up 0.31 per cent at 13,801. Shares of DHFL are likely to be in focus today after Oaktree Capital shot-off a letter to Reserve Bank of India on Sunday, ahead of voting by lenders on bids which begins this week, alleging that inspite of it offering maximum value to stakeholders, there is a consistent campaign to misrepresent information about its bid. The core group of secretaries on divestment, headed by Cabinet Secretary Rajiv Gauba, is likely to meet on Monday to finalise the strategic sale of BEML.

FinanZe
Episode 7: The Covid-19 Market and Risk in Investing With Billionaire Investor Howard Marks

FinanZe

Play Episode Listen Later Dec 21, 2020 41:55


Howard Marks is the Co-Founder/Co-Chairman of Oaktree Capital. His company is the largest investor in distressed securities worldwide. His company manages over $124 billion dollars in assets. Howard is widely considered as one of the greatest investors in the world. He is called, “The master of the market cycle”.In 2020, with a net worth of $2.1 billion, Marks was ranked No. 391 on the Forbes 400 rankings of the wealthiest Americans.During the financial crisis of 2007–08, Oaktree raised $11 billion, the largest distressed debt fund in history, to buy distressed assets, which "paid off richly for his investors".Howard is famous for his memos which which detail his investment strategies and insight into the economy and are posted publicly on the Oaktree website. Howard is also a bestselling author. He has written two books: The Most Important Thing and Mastering the Market CycleAccording to Warren Buffet, “When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something, and that goes double for his book."Ray Dalio says, “Howard Mark’s book Mastering the Market Cycle is a must read for all”Charlie Munger states, “Howard’s books tell us how to learn from history, and thus allows us to get a better idea of what the future holds”According to Seth Klarman, “The Most Important Thing, Howard Marks insightful investment philosophy and time-tested approach, is a must read for every investor”Howard has been featured in The Wall Street Journal, Forbes, Bloomberg, CNBC, Yahoo Finance, Barron’s, The Harvard Business Review, Fortune, The Business Insider, Inc.Mag, The Economist, Seeking Alpha, The Financial Times, and Money Week. He gave talks at Google and Facebook headquarters. Howard Marks received his bachelors from The Wharton School at UPenn and his masters at UChicago Booth.Howard has his own talk show called, The Howard Marks Investor Series at UPenn Wharton. We will talk about basic topics like how Howard came up with the idea of his memos, distressed debt securities, and COVID-19 financial markets.

Motley Fool Money
“When” is a Dangerous Word

Motley Fool Money

Play Episode Listen Later Dec 15, 2020 2:18


With the market on track to finish up for 2020, some investors are already asking when the next downturn will come. Howard Marks, co-founder of Oaktree Capital, explains why “when” is a word investors should avoid.  

Business Standard Podcast
Market Wrap, Dec 15: Here's all that happened in the markets today

Business Standard Podcast

Play Episode Listen Later Dec 15, 2020 3:55


After remaining in the negative territory for the most part of the session, the domestic equity market managed to settle flat with a positive bias on Tuesday amid buying in select financial and information technology (IT) counters.   The S&P BSE Sensex ended at 46,263, up 10 points, or 0.02 per cent while NSE's Nifty settled at 13,568, up 10 points, or 0.07 per cent. During the session, Sensex hit a high and low of 46,350.30 and 45,841.67 levels, respectively.   HDFC, HDFC Bank, Bajaj Finance, Bajaj Finserv, and HCL Tech were the major contributors to the Sensex's recovery today. Bajaj Finance (up 4.7 per cent) was the biggest gainer on Sensex while HUL (down over 2 per cent) emerged as the top loser.   Moreover, Bajaj Finance entered the elite club of companies with a market capitalisation (market-cap) of Rs 3 trillion after the company's stock price hit a new high. The stock ended at Rs 5,128 on the BSE.   Volatilty index, India VIX, ended at 19.3 levels, down 0.29 per cent.   In the broader market, the S&P BSE MidCap index outperformed the frontline indices as it gained 0.42 per cent to 17,733.87 while SmallCap index ended flat at 17,696 points.   Among sectoral indices, Nifty Media gained the most - up 1.79 per cent, followed by Nifty Metal and Nifty Financial Services indices (both up 0.77 per cent).   Among buzzing stocks, shares of Majesco hit a fresh record high of Rs 1,019 on the BSE after the company said its board has approved payment of interim dividend of Rs 974 per equity share for the financial year 2020-21. The stock, however, pared gains and ended 0.88 per cent higher at Rs 982.2.   Shares of DHFL were locked in the lower circuit for the second straight day after media reports suggested that the US-based asset management firm Oaktree Capital has emerged as the highest bidder in a revised round of bidding for the troubled mortgage lender.   Meanwhile, US-based fund Interups says it has Rs 13,500 crore as available capital for investment in Air India and is ready to invest "billions of dollars" in the Indian aviation sector.   Global markets   Asian stocks retreated on Tuesday as worries about increasing Covid-19 deaths and lockdowns overshadowed optimism about the roll-out of coronavirus vaccinations, just days after indexes hit record highs.   In commodities, oil slipped towards $50 a barrel as tighter lockdowns in Europe and forecasts of a slower demand recovery outweighed relief from the roll-out of coronavirus vaccines.

Business Standard Podcast
Market Ahead, November 18: All you need to know before the opening bell

Business Standard Podcast

Play Episode Listen Later Nov 18, 2020 3:56


Global brokerage firm Morgan Stanley expects the benchmark Sensex top the 50,000 milestone by end of next year. The brokerage believes the economic growth cycle is not fully priced in. It has revised upwards the earnings per share (EPS) estimate for Sensex. Earlier, the brokerage had a target of 37,300 for June 2021. Besides, Goldman Sachs on Tuesday upgraded its India GDP forecast to a contraction of 10.3 per cent in FY21, as against its earlier estimate of a negative growth of 14.8 per cent. The US-based firm said developments on the vaccine front -- where two candidates have posted satisfactory progress -- will be very helpful in the recovery. Meanwhile, the Reserve Bank of India (RBI) on Tuesday proposed to merge private sector lender Lakshmi Vilas Bank (LVB) with the India subsidiary of Singapore’s DBS Bank, even as LVB was put under moratorium for at least a month by the government. Further, the Piramal group revised its offer for Dewan Housing Finance Corporation’s (DHFL’s) retail book on Tuesday. Oaktree Capital, which had last week revised its offer for all assets of DHFL to Rs 31,000 crore, did not make any further revision. With this, the Adani group remains the highest bidder for all assets of DHFL, with its bid of Rs 31,250 crore. Global cues:   In the overnight trade, US stocks retreated from record closing highs on Tuesday, ending lower as surging Covid-19 cases, the growing threat of a fresh round of economic lockdowns and weak retail sales data dampened the euphoria caused by potential vaccine breakthroughs. Federal Reserve Chair Jerome Powell said on Tuesday it was not time to shut down emergency programs aimed at battling the economic fallout from the coronavirus pandemic, with cases again surging and the economy left with “a long way to go” to recover. Asian equities, too, were set for a sluggish open on Wednesday, tracking a lower Wall Street session. At 07:23 AM, Nifty futures on the Singapore Exchange (SGX) traded 30.5 points, or 0.24 per cent at 12,903.20 levels, indicating a muted start for the Indian market on Wednesday. In commodities, oil prices edged lower in post-settlement trade on Tuesday. Back home, shares of Wipro may remain in focus today as the IT services major on Tuesday said its shareholders have approved up to Rs 9,500 crore share buyback plan at Rs 400 per share.

Enlightenment - A Herold & Lantern Investments Podcast
Coming into Focus by Doing Things Differently, Value in the Municipal Bond Market

Enlightenment - A Herold & Lantern Investments Podcast

Play Episode Listen Later Oct 22, 2020 29:42


October 19, 2020, Season 1 Episode 15"Enlightenment" - A Lantern Financial Podcast featuring Mr. Keith Lanton, President of Lantern in Melville, New York. In this episode, Keith talks about a March 13, 2020 article entitled "8 things successful people do differently that make them seem ‘lucky" by Susan RoAne and how you can apply those characteristics to the financial markets. Keith then offers his thoughts on Howard Marks latest memo, "Coming into Focus". Howard Marks is the Co-Chairman of Oaktree Capital. In this memo, Howard discusses the unusual characteristics of this year's economy; the impact of Covid-related monetary and fiscal policy actions on today's markets; and the possible ramifications of the Fed/Treasury's rescue efforts.Brad Harris, Director of Fixed Income, joins in with enlightening comments on the bond market. We hope you enjoy the show and share it with colleagues and friends.Press interviews or commentaries, please contact Keith at 631-454-2000

Insights
CEO Talks #10 - Howard Marks: Não podemos prever o futuro, podemos nos preparar

Insights

Play Episode Listen Later Jun 8, 2020 36:24


No episódio, Renato Ejnisman, Diretor do Bradesco e Adilson Ferrarezi, Head de Soluções de Investimentos da BRAM, conversaram com Howard Marks, investidor lendário americano da Oaktree Capital. Em destaque, desafios sobre o cenário atual, implicações para EUA, China e Brasil. Além de grandes ensinamentos para quem quer investir. See omnystudio.com/listener for privacy information.

The Scoop
Anthony Scaramucci: Paul Tudor Jones took "a sledgehammer" to the wall between Wall Street and bitcoin

The Scoop

Play Episode Listen Later May 15, 2020 41:43


If recent headlines are any indication, Wall Street's slow embrace of bitcoin – or, at least, financial instruments tied to it – is beginning to pick up the pace. Earlier this week, it was reported that JPMorgan is offering banking services to cryptocurrency exchanges Coinbase and Gemini. And macro investor Paul Tudor Jones recently revealed that he allocated as much as 2% of his assets to bitcoin, while his fund has opened to door to buying bitcoin futures. Elsewhere, derivatives markets are heating up with volumes and open interest on CME Group's bitcoin option contract hitting fresh highs on Thursday.  Market participants point to the juxtaposition of central bank money printing and bitcoin's fixed-supply – the latter of which was very much on display this week during the halving event – as one catalyst for recent interest. On this episode of The Scoop, Skybridge Capital's Anthony Scaramucci explores these developments and why he is "there" when it comes to being convinced to allocate some capital to bitcoin.  "Paul is closed for new investors, but if he wasn’t closed for new investors, I would be in his fund," Scaramucci said. "And I have no problem owning, as a pass-through through his fund, some level of digital currency exposure." In this episode, the former 10-day-long White House communications director said that Jones has helped the idea of owning bitcoin acceptable go mainstream. An admitted non-crypto expert, Scaramucci said there is a technological opportunity for peer-to-peer transfer of value with permanency.  "There is an era coming where everybody is going to want to own something that is less manipulated by the governments as it relates to a store of value," he said. Scaramucci said that a few more announcements like Paul Tudor Jones' revelation that he will take on exposure to bitcoin will cause the "wall to fall down."  We also explore:  Why Scaramucci recently moved close to $300 million to legendary hedge funds Bridgewater Associates, Oaktree Capital, and Third Point, and why his fund and others suffered during the first part of the year Why the pandemic hit the structured credit market especially hard relative to equities The implications of the liquidity the Fed is injecting into the economy, and why money printing can last longer than we think Why the crypto rush will happen, but not as quickly as people want it to – and why he doesn't buy the threat to the dollar in the near future Scaramucci gives us an inside look on what's going on in Washington and why Libra would be an unmitigated disaster from the government's perspective This episode of The Scoop is brought to you by Bitstamp, the original global cryptocurrency exchange. Since 2011, Bitstamp has been a cornerstone of the industry, earning the trust of over four million individuals and top financial institutions looking for a reliable trading venue. Whether you’re trading on our web platform, mobile app or industry-leading APIs, Bitstamp gives you the professional-grade tools you need to execute your strategy. Download the Bitstamp app or visit Bitstamp.net/Pro to learn more and start trading today! This episode was also brought to you by PAX Gold, the world’s only regulated gold token. It’s the fastest and easiest way to own and trade the highest-quality physical gold. One PAX Gold token represents one fine troy ounce of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults in London. When you buy PAX Gold, you own physical gold.   The value of PAX Gold is always tied directly to the real-time market value of gold.PAXG is an ERC-20 token on Ethereum, and can easily be moved or traded anywhere in the world, 24/7. With PAXG, anyone can now own a fraction of an LBMA-accredited London Good Delivery gold bar with zero storage fees. Trade it today on leading exchanges like Kraken, FTX and itBit. Or, earn interest on your PAX Gold holdings through Nexo or Crypto.com. Learn more or purchase PAX Gold at paxos.com/paxgold

Alpha Exchange
Howard Marks, Founder, Oaktree Capital

Alpha Exchange

Play Episode Listen Later May 11, 2020 30:50


As the economic collapse associated with the pandemic enters its second month, it was my distinct pleasure to have Howard Marks, the founder of Oaktree Capital, on the Alpha Exchange. A highly successful investor across many decades, Howard has prudently managed risk through a vast number of market cycles. His assessment of the complex mix of economic, financial and monetary aspects of the coronavirus crisis provides context for factors at work in market prices. A buyer of quickly cheapening assets in the middle two weeks of March, Howard sees a less compelling case on the long side now given the severity of the shock and the challenges to be faced in returning to a full speed economy. Please enjoy this episode of the Alpha Exchange, my conversation with Howard Marks.

In The Red with David Jette and Josh Androsky
chuck schumer looks like if someone tried to make a raisin out of a bird

In The Red with David Jette and Josh Androsky

Play Episode Listen Later Apr 22, 2020 73:49


josh and dave yell at the senate!!!! what the hell is an ETF? watching the vulture eat the carcass with Oaktree Capital and a nice lil' horrifying glimpse into the summer  

Grand Theft Life
Is America The Greatest Country In The World? - Investor Letter Analysis Including Amazon, Howard Marks, & “It’s Time To Build” From Marc Andreessen.

Grand Theft Life

Play Episode Listen Later Apr 20, 2020 54:47


Listen on Spotify, Apple, or Google Podcasts.In this week’s edition of Last Week Tonight, we discuss and analyze a number of recent investor letters. Most notably being what Jeff Bezos published on behalf of Amazon, but also the letter from Andressen Horowitz, Howard Marks, and even the March letter from Sequoia. If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into what’s going on in the world right now.Links Mentioned:R.I.P Good Times Letter - A slide deck from the now-infamous emergency meeting Sequoia held with portfolio founders in October 2008.The Coronavirus Black Swan of 2020 - Sequoia’s updated and public version from March 5th, 2020. It’s Time To Build - Marc Andressen’s take on the current state of innovation from April 18th.The Amazon Letter to Shareholders. Howard Marks's most recent memo to Oaktree Capital clients, Calibrating. Paul Krugman’s book - Arguing with Zombies: Economics, Politics, and the Fight for a Better FutureBrian Grazer’s books - Face to Face & A Curious MindChart of the week:www.rt.live - The most recent project from Instagram co-founder, Kevin Systrom. The website tracks the Rt (virality factor) of coronavirus in each specific state. Prediction*:1. AMZN is worth $2T before 2021*informational purposes only, not financial advice - disclaimer at end of the podcast. Get on the email list at reformedmillennials.substack.com

The Deal with Danny Brown
#25 - Tommy Beadel - Founder Thomas James Homes The Largest Urban In-Fill Home Builder in America

The Deal with Danny Brown

Play Episode Listen Later Feb 17, 2020 44:47


Tommy Beadel is the CEO of Thomas James Homes, the largest urban single lot homebuilder in the United States. This means he has about 200 custom homes being built throughout the Westside of Los Angeles at any given time in neighborhoods such as Brentwood, Palisades, Santa Monica, Westwood, Cheviot Hills, Beverlywood, Beverly Hills Post Office, Mar Vista and Culver City. These properties are generally selling for $2M to $7M which is a phenomenal value for a new home on the Westside of Los Angeles. The scale and efficiency of Thomas James Homes is unprecedented in the residential development industry. Their extraordinary success led them to partner with powerhouse Oaktree Capital who acquired Thomas James Homes in 2018. This allows TJH to accelerate their expansion plans into Silicon Valley, Seattle and other booming single family markets. From their humble beginnings, the ethos of this company has been to put the brokers first and always reward them by paying them a full fee and giving them the listing on any deals they bring to the table. This respect and loyalty towards brokers has allowed Thomas James Homes to scale into the unique custom home building juggernaut they are today.

Incassaforte Pod
Buon Anno ed email arretrate

Incassaforte Pod

Play Episode Listen Later Jan 21, 2020 44:16


  In questa puntata di Incassaforte pod, oltre a farvi in ritardo gli auguri di buon anno, iniziamo a rispondere ad alcune delle email che abbiamo accumulato. Questo ed altro nella nuova puntata di Incassaforte Pod, il podcast di incassaforte.com. Come sempre, potete scaricarlo ed iscrivervi su iTunes oppure sulla pagina di Podbean. I consigli della settimana sono: Andrea: I memo di Howard Marks, leggendario investitore di Oaktree Capital. Ogni tre mesi circa Howard Marks affronta temi legati ai mercati ed agli investimenti. L'ultimo, molto interessante, si intitola "You Bet", ed insegna a pensare in modo probabilistico ed a non pensare che ogni situazione abbia un solo possibile outcome. Carlo: Terminator Dark Fate ultimo film della saga che ci e' piacuto molto. Tommaso: Years And Years, nuova serie HBO che segue le vicissitudini di una famiglia nel corso di vari anni.

The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
20VC: Oaktree Capital’s Howard Marks on The Most Important Skill An Investor Can Have, The Right Way To Think About Price Sensitivity & Where Are We At Today; Take More Risk or Less?

The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch

Play Episode Listen Later Jan 20, 2020 32:15


Howard Marks is co-chairman and co-founder of Oaktree Capital Management, a leading investment firm with more than $120 billion in assets. Prior to founding Oaktree, Howard spent 10 years at The TCW Group, where he was responsible for investments in distressed debt, high yield bonds, and convertible securities. Previously, Howard was with Citicorp for 16 years, where he served as Vice President and senior portfolio manager in charge of convertible and high yield securities. Howard has also written two books, most recently Mastering the Market Cycle: Getting the Odds on Your Side, and it was Warren Buffet who said, “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” In Today’s Episode You Will Learn: 1.) How Howard first made his way into the world of finance over 50 years ago? How did not getting an investment banking job change the course of Howard's life? 2.) Where does Howard think we are in the cycle today? What leads his thinking here? What is it crucial for all investors to remember at any point in the cycle? From a risk distribution and diversification perspective, does Howard believe now is a better or worse time to increase risk? 3.) Having worked through and been at the forefront of some of the most significant downturns of financial markets, what have been Howard's biggest learnings from seeing the booms and busts? How did it impact his investment mindset? At a point in 2008, Oaktree were deploying $600M per week for 15 weeks running, so how does Howard think about when is the right time to be aggressive vs when to pullback? 4.) How does Howard think about and assess his own price sensitivity? If there is one thing Howard wants to know to determine the right price, what is it? How does Howard believe we are seeing pro-risk mindsets alter investors attitude to price? How does Howard think about his right vs wrong and consensus vs non-consensus matrix? 5.) Howard and his Partner, Bruce have a very special relationship, what have they done to foster a relationship of radical intellectual honesty and that environment of safety? What are some things Howard will say to his team to encourage productive disagreement? What to Howard is the most important skill an investor can have is? Items Mentioned In Today’s Show: Howard’s Fave Book: Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets As always you can follow Harry, The Twenty Minute VC and Howard on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

Motley Fool Money
Humble Pie, Turkey Stocks, & Stocks We’re Thankful For

Motley Fool Money

Play Episode Listen Later Nov 29, 2019 41:11


It’s our Thanksgiving Special! Analysts Andy Cross, Ron Gross, and Jason Moser share why they’re thankful for stocks MarketAxess, CRISPR, and Zoetis. They discuss why investors might want to avoid stock market turkeys Uber, TripAdvisor, and Smile Direct. And since no Thanksgiving is complete without dessert, we dig into a few slices of humble pie and talk Arista, Camping World Holdings, and Eventbrite. Plus, we revisit our conversation with Oaktree Capital co-founder Howard Marks, author of Mastering the Market Cycle: Getting the Odds on Your Side. Thanks Health IQ.  See if you qualify for lower rates! Go to www.healthiq.com/fool. www.GETQUIP.COM/fool for your first refill free!

Finance Simplified
EP 2 – Simplifying Risk and Market Cycles with Howard Marks of Oaktree Capital

Finance Simplified

Play Episode Listen Later Oct 24, 2019 52:32


In this episode, I talk to Howard Marks of Oaktree Capital about risk and market cycles. We delve into topics like Howard’s career, what shaped his thinking about risk and market cycles, distressed debt, the importance of history, and much more! Check out the episode to learn about risk and market cycles in a simplified way! Howard Marks, who is worth $2.2 Billion, is a co-founder and co-chairman at Oaktree Capital. Oaktree Capital is the world’s largest distressed securities investor and manages over $120 Billion. Howard co-founded Oaktree Capital in 1995, and before doing so, he worked at the TCW Group. He has authored two best-sellers on investing: The Most Important Thing: Uncommon Sense for the Thoughtful Investor and, most recently, Mastering the Market Cycle: Getting the Odds on Your Side. Warren Buffett, arguably the greatest investor of all-time, praised Howard Marks for his memos, saying, “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” Howard majored in finance at Wharton and received his MBA from the Booth School of Business at the University of Chicago. Follow Howard and Oaktree Capital on Twitter here! Follow StreetFins on Twitter, Instagram, and Facebook here! Find and subscribe to Finance Simplified on Apple Podcasts, Google Podcasts, and Spotify! Howard’s memos are legendary for their simplicity and insight. As a result, I highly recommend checking them out! Check out a Q&A the Amador Valley Investment Club conducted with Howard Marks: Howard Marks At AVIC Confused about something? Check out some StreetFins articles relating to topics mentioned in the episode: Howard Marks Memo Breakdown: Dare To Be Great II Howard Marks Memo Breakdown: Risk Revisited Again Howard Marks Memo Breakdown: The Limits To Negativism Howard Marks Memo Breakdown: The Race To The Bottom Basics of Stocks

DOC Trader Podcast
Como funciona o pensamento contrário na hora do trade? Howard Marks e suas dicas de investimento

DOC Trader Podcast

Play Episode Listen Later Sep 6, 2019 15:35


Howard Marks iniciou sua carreira no Citibank, tornando-se posteriormente gerente de ativos da TCW, onde conheceu o co-fundador da Oaktree Capital, Bruce Karsh. A dupla encabeça as decisões de investimento da empresa, que passou de um gerenciamento de US$ 5 bilhões no início para mais de US$ 120 bilhões de dólares, e hoje Marks ensina muita coisa quando fala ao público.A Oaktree abriu capital em 2012 e Marks possui cerca de 10% da empresa, o que representa hoje grande parte de sua fortuna. Um investidor de valor, que gosta muito de falar sobre a psicologia do mercado, em vários livros que já escreveu, entre eles o mais atual sucesso "Mastering the Market Cycle" (Dominando o Ciclo do Mercado). Neste episódio eu reproduzo uma participação dele numa entrevista, durante o lançamento de um de seus livros, onde ele aborda de uma forma prática porque o pensamento do investidor de longo prazo deve ser contrário ao que a maioria faz. Aproveito também para dar os meus pitacos. Divirtam-se.

Bloomberg Businessweek
On the Air from the Milken Global Conference in Los Angeles

Bloomberg Businessweek

Play Episode Listen Later Apr 29, 2019 46:49


Howard Marks,Co-Founder of Oaktree Capital, discusses where he is finding opportunities in distressed assets and the chaotic investment landscape in China. Los Angeles Mayor Eric Garcetti shares details of L.A.'s own “Green New Deal.” Bruce Flatt, CEO at Brookfield Asset Management, talks about why all infrastructure eventually will become privatized. Michael Tennenbaum, Co-Founder of Tennenbaum Capital, discusses investing in Puerto Rico. Catherine Keating, CEO at BNY Mellon Wealth Management, talks about investing for retirement and taxes. Blackstone Chairman and CEO Steve Schwarzman explains how the China economy is looking solid after stimulus. Hosts: Carol Massar and Jason Kelly.  Producer: Paul Brennan  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Bloomberg Businessweek
On the Air from the Milken Global Conference in Los Angeles

Bloomberg Businessweek

Play Episode Listen Later Apr 29, 2019 46:49


Howard Marks,Co-Founder of Oaktree Capital, discusses where he is finding opportunities in distressed assets and the chaotic investment landscape in China. Los Angeles Mayor Eric Garcetti shares details of L.A.’s own “Green New Deal.” Bruce Flatt, CEO at Brookfield Asset Management, talks about why all infrastructure eventually will become privatized. Michael Tennenbaum, Co-Founder of Tennenbaum Capital, discusses investing in Puerto Rico. Catherine Keating, CEO at BNY Mellon Wealth Management, talks about investing for retirement and taxes. Blackstone Chairman and CEO Steve Schwarzman explains how the China economy is looking solid after stimulus. Hosts: Carol Massar and Jason Kelly.  Producer: Paul Brennan 

Motley Fool Money
2018 Year in Review

Motley Fool Money

Play Episode Listen Later Dec 28, 2018 38:37


Most surprising business story of the year?  Best & worst CEOs?  Andy Cross, Ron Gross, and Jason Moser analyze those topics (and more), reflect on the year that was, and share the dumbest investments of 2018.  Plus, Oaktree Capital co-founder Howard Marks shares investing insights and talks about his latest book, Mastering the Market Cycle: Getting the Odds on Your Side.

Talks at GS
Howard Marks, Oaktree Capital Management co-chairman and co-founder

Talks at GS

Play Episode Listen Later Nov 7, 2018 25:07


In this episode, Oaktree Capital co-founder Howard Marks shares his insights on the forces shaping the market cycle and discusses how his writing has informed his perspective as an investor. The conversation is moderated by Goldman Sachs' Ashok Varadhan. Date: October 17, 2018 This podcast should not be copied, distributed, published or reproduced, in whole or in part, or disclosed by any recipient to any other person. The information contained in this podcast does not constitute a recommendation from any Goldman Sachs entity to the recipient. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any recipient is not to be taken as constituting the giving of investment advice by Goldman Sachs to that recipient, nor to constitute such person a client of any Goldman Sachs entity. Copyright 2018 Goldman Sachs & Co. LLC. All rights reserved.

Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Episode 155 - Apartment Outlook: The view from 30,000 feet, 10,000 feet…and 1 foot

Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles

Play Episode Listen Later Oct 21, 2018 47:01


A coaching and counseling session with James Eng. James gives listeners an overview of the macro-economic assessment of what is happening in today’s apartment & capital markets. He references Howard Marks most current investor memo called: The Seven Worst Words in the World. Mr. Marks is the Co-Chairman of Oaktree Capital Management. Oaktree Capital manages over a $122 Billion in assets. Warren Buffett always looks forward to reading his investor memos. You want to read this memo! https://www.oaktreecapital.com/insights/howard-marks-memos James offers feedback to the listeners on comments made at the most recent Marcus & Millichap Conference in Dallas focusing on apartment investing. To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

The Exchange
The Exchange: Howard Marks

The Exchange

Play Episode Listen Later Oct 11, 2018 19:37


The founder of Oaktree Capital, with $120 bln of assets, doesn't see signs of an imminent correction or crisis. But investors, particularly in the credit markets, are acting bullish in ways they'll inevitably regret when the cycle turns, Marks told Rob Cox earlier in October. See acast.com/privacy for privacy and opt-out information.

P&L With Paul Sweeney and Lisa Abramowicz
Too Much Money Chasing Too Few Deals: Oaktree's Marks

P&L With Paul Sweeney and Lisa Abramowicz

Play Episode Listen Later Oct 3, 2018 37:45


Howard Marks, co-Chairman of Oaktree Capital, discusses his new book, "MASTERING THE MARKET CYCLE: Getting the Odds On Your Side,"and his current outlook for investors. Robert Lawrence, Professor of International Trade and Investment at Harvard Kennedy School, on the new Mexico-Canada deal and outlook for China negotiations. Ferdinando Giugliano, Bloomberg Opinion Editor in Rome, on Italy's budget deficit, and his column, "The Best Way to Answer Italy's Populists." Tim O'Brien, Executive Editor for Bloomberg Opinion, discusses the NY Times report on the Trump Organization's tax evasion.  Hosted by Pimm Fox and Lisa Abramowicz.

Bloomberg Businessweek
EisnerAmper Global Leaders Real Estate Summit West in San Francisco

Bloomberg Businessweek

Play Episode Listen Later Apr 26, 2018 50:28


Carol talks to real estate professionals from around the global including Ken Weissenberg, Partner at EisnerAmper, on the current administration’s impact on the sector. Justin Guichard, Managing Director at Oaktree Capital, discusses challenges facing real estate investors in U.S. cities. Tim Albinson, Managing Partner at Emergent Capital Partners, shares his work in Indonesian real estate. Jim Wunderman, President and CEO at Bay Area Council, explains efforts to combat expensive west coast real estate. Dean Allara, Vice Chairman at Bridge Investment Group, talks about housing and assisted living holdings. Jay Weinstein, Managing Partner of Markets & Segments at EisnerAmper, talks about the use of IBM Watson and opening an office in Singapore. California State Senator Scott Wiener discusses creating more affordable housing in California. 

Bloomberg Businessweek
EisnerAmper Global Leaders Real Estate Summit West in San Francisco

Bloomberg Businessweek

Play Episode Listen Later Apr 26, 2018 50:28


Carol talks to real estate professionals from around the global including Ken Weissenberg, Partner at EisnerAmper, on the current administration's impact on the sector. Justin Guichard, Managing Director at Oaktree Capital, discusses challenges facing real estate investors in U.S. cities. Tim Albinson, Managing Partner at Emergent Capital Partners, shares his work in Indonesian real estate. Jim Wunderman, President and CEO at Bay Area Council, explains efforts to combat expensive west coast real estate. Dean Allara, Vice Chairman at Bridge Investment Group, talks about housing and assisted living holdings. Jay Weinstein, Managing Partner of Markets & Segments at EisnerAmper, talks about the use of IBM Watson and opening an office in Singapore. California State Senator Scott Wiener discusses creating more affordable housing in California.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Business Leaders
Business Leaders - Oren Peleg

Business Leaders

Play Episode Listen Later Jan 23, 2018 51:53


Oren Peleg is the former CEO of Fitness First, the largest privately owned health club group in the world. After beginning his career at Citibank, Oren worked at McKinsey and Terra Firma before joining Oaktree Capital, a leading investment management firm. After helping Oaktree to establish its European business, Oren joined a struggling Fitness First as Chairman following its takeover in 2012. He was credited with leading the successful turnaround of the chain, which has 360 clubs worldwide and over 927,000 members in 16 countries. In this in-depth interview, Oren explains why you should hire people more intelligent than you; gives his reasons for encouraging his employees to make mistakes; and stresses the importance of understanding different cultures when running a global business.

P&L With Paul Sweeney and Lisa Abramowicz
Intrepid's Travis Likes: Fenner, Corus, Oaktree Capital (Audio)

P&L With Paul Sweeney and Lisa Abramowicz

Play Episode Listen Later Sep 6, 2016 12:00


(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Mark Travis, President of Intrepid Capital Funds, on the markets, the disconnect between price and value, and his current picks.

Bloomberg Surveillance
Bloomberg Surveillance: Feb. 18, 2016

Bloomberg Surveillance

Play Episode Listen Later Feb 18, 2016 44:20


Oaktree Capital's Howard Marks identifies where he sees investment opportunities. Wells Capital's Magaret Patel focuses on fixed income. BlackRock's Peter Hayes provides perspective on munis. And Bloomberg's Peter Elliot dishes out the latest news on fine dining. All this and more on Bloomberg Surveillance with Tom Keene and Michael McKee. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Bloomberg Surveillance
Marks: A good opportunity in distressed bonds

Bloomberg Surveillance

Play Episode Listen Later Feb 18, 2016 13:50


Oaktree Capital's Howard Marks says that for a long-term investor distressed bonds are a good opportunity. He joins Tom Keene and Michael McKee on Bloomberg Surveillance. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Capital Markets Today
Capital Raise For The Distressed NPL & RE Investor - Shetty, Tremony Capital

Capital Markets Today

Play Episode Listen Later Aug 20, 2015 37:13


According to a recent article published by Bloomberg, Oaktree Capital has raised $7 billion for a distressed debt fund as it prepares for the economic recovery to falter. For most investors, a capital raise the size of OakTree is simply out of the question.  However, there are still many opportunities in the NPL and distressed real estate space for middle lower market investors especially as FHA, FNMA and Freddie increase their NPL sales creating secondary markets for smaller investors.  Many middle and lower market funds are in active capital raise mode as we head into the 3rd and 4th quarter of the year.   Joining the broadcast to discuss the capital raise process is Bina Shetty, Head of Strategic Advisory at Tremony Capital. Bina Shetty joined Tremony Capital, as the Head of Strategic Advisory with a mission to expand Tremony’s third-party strategic advisory capabilities for lower middle market financial institutions and real estate focused businesses. Prior to joining Tremony, Bina was a Managing Director at Milestone Advisors, a boutique investment bank that exclusively focused on middle markets financial services clients across the depository institution, distressed real estate, specialty finance and financial technology sectors.