The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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…”
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 …”
Marks: Brookfield spent $5 billion to acquire 60% of Oaktree Capital
“They spent five billion dollars to own 60% of Oak Tree.”
Marks: Oaktree found asset bargains during two-week window in March 2020
“In March, the middle two weeks of March, the ninth to the 23rd, were very productive for us in terms of producing bargains.”
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…”