{"id":26407,"date":"2017-10-02T15:54:38","date_gmt":"2017-10-02T20:54:38","guid":{"rendered":"http:\/\/olduvai.ca\/?p=26407"},"modified":"2017-10-02T15:54:38","modified_gmt":"2017-10-02T20:54:38","slug":"nobody-knows-what-will-happen","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=26407","title":{"rendered":"Nobody knows what will happen"},"content":{"rendered":"<div class=\"content-header\">\n<h3 class=\"content-header__title\"><a href=\"https:\/\/www.fuw.ch\/article\/nobody-knows-what-will-happen\/\">Nobody knows what will happen<\/a><\/h3>\n<\/div>\n<div class=\"content-body stickySidebarReference\">\n<ul class=\"gallery \">\n<li class=\"rsTextSlide\"><img decoding=\"async\" class=\"gallery__image\" src=\"https:\/\/www.fuw.ch\/wp-content\/uploads\/2017\/09\/akio-kon-bloomberg-via-getty-images-s-640x360.jpg\" alt=\"Howard Marks, Co-Founder of Oaktree Capital.\" \/>\n<div class=\"gallery__signature\">Howard Marks, Co-Founder of Oaktree Capital. <span class=\"byline\">(Bild: Akio Kon\/Bloomberg via Getty Images)<\/span><\/div>\n<\/li>\n<\/ul>\n<p><span class=\"content-body__lead\">Howard Marks, Co-Chairman of the US investment firm Oaktree Capital warns that valuations in the financial markets are uncomfortably high and that investors are acting too complacent.<\/span><\/p>\n<div class=\"content-body__text-area content-body__text-area--wide\">\n<div class=\"content-body__text\">\n<p dir=\"ltr\">When Howard Marks speaks, financial markets listen. The renowned value investor and co-founder of Oaktree Capital looks back at almost fifty years on Wall Street and has seen a thing or two during his successful career. His \u00abMemos from the Chairman\u00bb, which he sends sporadically to Oaktree\u2019s clients are a must read for investors.<\/p>\n<aside class=\"infobox infobox--right info_1\">\n<h5 class=\"infobox__title\">About Howard Marks<\/h5>\n<p class=\"infobox__text\">Howard Marks is the co-chairman and a co-founder of the investment firm Oaktree Capital which specializes in distressed debt and has around 100 bn $ of assets under management. He is a true grandmaster when it comes to investment philosophy. In his insightful book named \u00abThe Most Important Thing\u00bb he explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career. His legendary memos to Oaktree clients are a must read for financial professionals. \u00abWhen I see memos from Howard Marks in my mail, they\u2019re the first thing I open and read. I always learn something\u00bb, says none other than Warren Buffet.<\/p>\n<p>Before founding Oaktree in 1995, Mr. Marks led the groups at the asset manager TCW that were responsible for investments in distressed debt, high yield bonds and convertible securities. He was also Chief Investment Officer for Domestic Fixed Income at TCW. Previously, he was with Citicorp Investment Management for 16 years, where from 1978 to 1985 he was Vice President and senior portfolio manager in charge of convertible and high yield securities. Between 1969 and 1978, he was an equity research analyst and subsequently, Citicorp&#8217;s Director of Research. Mr. Marks holds a B.S.Ec. degree cum laude from the Wharton School of the University of Pennsylvania with a major in finance and an M.B.A. in accounting and marketing from the Booth School of Business of the University of Chicago.<\/p>\n<\/aside>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nobody knows what will happen Howard Marks, Co-Founder of Oaktree Capital. (Bild: Akio Kon\/Bloomberg via Getty Images) Howard Marks, Co-Chairman of the US investment firm Oaktree Capital warns that valuations in the financial markets are uncomfortably high and that investors are acting too complacent. When Howard Marks speaks, financial markets listen. The renowned value investor [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[15750,312,16266,16265,500,16267],"class_list":["post-26407","post","type-post","status-publish","format-standard","hentry","category-economics","tag-christoph-gisiger","tag-financial-crisis","tag-hoar-marks","tag-mark-dittli","tag-market-collapse","tag-oaktree-capital"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26407"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26407\/revisions"}],"predecessor-version":[{"id":26408,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26407\/revisions\/26408"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}