Oaktree Capital Management
also referred to as: oak tree · oaktree capital
12 statements across 3 episodes · 2 bullish · 5 bearish · 1 people on the record · first statement Jan 20, 2020 by Howard Marks · said 38 times in 7 episodes since 2016 · across every show →
Mentions by year
brought up most by Harry Stebbings (21), Howard Marks (14), Mike Maples (2), Clinton Foy (1)
tap a year for its mentions
2025 1 mention in 1 episode
2023 1 mention in 1 episode
2021 3 mentions in 1 episode
2020 31 mentions in 2 episodes 16 per episode
- 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?
- 20VC: Howard Marks on How COVID-19 Impacts Our Economy, Liquidity and National Debt, Why The Theory of Falling Knives and Market Bottoms is Wrong & Why The Best Investors Are Fundamentally Unemotional
- every mention in 2020, scene by scene →
2019 1 mention in 1 episode
Everything said about Oaktree Capital Management, oldest first
Jan 20, 2020 neutral
Jan 20, 2020 bearish
Marks: Investors should reduce risk and take chips off the table
“I don't think we're in a massive bubble. I don't think this thing is gonna collapse anytime soon, but I do think that there is more risk than usual, which means that you should be more cautious than usual. I'm not saying that we're not going higher. I'm not sa…”
Jan 20, 2020
Jan 20, 2020 bearish
Marks: A period of market distress will occur by 2025
“The bull market is 11 years old. If there's not one in the next five years, that means we'll have gone 16, which would be a record by a wide margin. So my guess is that in the next five years, we'll have a period of distress, and my hope is that Oak Tree will …”
Jan 20, 2020 bearish
Marks: The market is in an advanced, elevated cycle stage
“I do think that we are in the upper advancing part of the cycle. You know, we've been in, it's been a long economic expansion, a long bull market, in both cases, the longest in history. Valuations of stocks are higher than usual. Interest rates and yield sprea…”
Jan 20, 2020 negative
Marks: Oaktree missed top returns from 2016 to 2018 due to caution
“Several years ago, so we turned somewhat cautious several years ago, and clearly that was not needed. And the highest returns in the last few years, and certainly the last, well, certainly 1617, 18, the highest returns went to the people who took the most risk…”
Mar 30, 2020 positive
Marks: Swift Government Actions Significantly Reduced Risk of a Global Depression
“My partner, Bruce Garsh, and I, talking, I would say, middle of last week, were afraid of a meaningful probability of a depression, with millions losing their jobs and businesses shuttered for long periods of time. Now, I think, with the government having done…”
Mar 30, 2020 bullish
Marks: Oaktree Navigates Crises by Investing in Senior Debt of Viable Companies
“I think for Oaktree, Harry, all we try to do is figure out what companies will stay in business, some idea of what they're worth, and then invest in them on a senior level. And if investing in what we think are viable companies in senior debt, if that doesn't …”
Mar 30, 2020
Howard Marks: Waiting for market bottoms is cover for inaction
“Oak Tree rejects the concept of waiting for the bottom. It's impossible, intellectually, to know when you're at the bottom. And I think that terms like, don't catch a falling knife, and wait for the bottom, are cover for inaction during crisis.”
Mar 30, 2020
Howard Marks: Oaktree's closed-end funds allow aggressive crisis investing
“So the great thing about Oak Tree's position is that a good bit of our assets are in closed end funds where the clients can't withdraw. They've committed money to us. We have it for up to 10 years, and we can do what we think is smart without having to worry a…”
Jan 4, 2021