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 4 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
Howard Marks: Oaktree avoids lone wolves and single-year individual performance pay
“We don't want the lone wolf. We don't want the you eat what you kill kind of person. And we don't pay people on the basis of their one year's quantitative performance as an individual, and we don't want people to work that way.”
Howard Marks: Oaktree Historically Avoided Contact With Tech Companies
“In the credit field, where I've spent the last 44 years, we historically have not had contact with what you would call a tech company.”
Howard Marks: Oaktree memos received zero client feedback for ten years
“For the first 10 years I never had a response. Not only did nobody say it was good, nobody ever said, I got it.”
Marks: Oaktree raises its largest funds during crises and cuts fund sizes afterward
“There were debt crises, or crises in general, in 1991, oh one oh two, oh eight oh nine, and then of course a brief one in 2020. And the biggest funds we've raised were the funds that invested in those years. Usually because we had some foresight about what lay…”