Gurus
New Memo from Howard Marks: Calibrating
The most important thing for an investor is to set the right balance between offense and defense. Today Howard Marks no longer feels defense should be favored. Find out why in his latest memo, Calibrating, in which he describes the importance of positioning portfolios in response to the environment.
https://www.oaktreecapital.com/docs/default-source/memos/calibrating.pdf
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