Howard Marks yesterday released his latest memo to clients of Oaktree Capital.

It is titled “Few Losers, or More Winners?”

It’s an insightful take on how a proper choice between the two approaches of investing – one with the aim to minimise losses, and the other to maximise gains – is the path to achieve good investment results over the long run.

https://safalniveshak.wpenginepowered.com/wp-content/uploads/2023/09/Notes-on-Howard-Marks-Memo-Few-Losers-or-More-Winners-Sept-2023-Vishal-Khandelwal-SafalNiveshak.com_.pdf