Memorandum of Understanding with Howard Marks

WEBSITE EXCLUSIVE: This week on the Insight Bridge, Greg sits down with Howard Marks, renowned investment professional, celebrated author, co-founder and co-chairman of Oaktree Capital, and seemingly perpetual investment committee member for an exclusive interview.

In this episode, Howard shares the history of his famous memos, his perspective on the markets, and advice for committee members and aspiring investors. Howard explains why the penalty for taking action is often greater than for doing nothing, why investment committees should take a step back, and how aspiring professionals should first and foremost seek happiness—whatever that looks like—to find fulfillment and success in their careers. With decades of investment experience and a lifetime of wisdom on the behavior of the markets, Howard shares his unique perspective and champions the importance of artistry in investment. You won’t want to miss this exciting episode!

Chapters

00:00:33 – Episode Overview

00:01:10 – Welcome and Introduction

00:02:58 – How Howard Got His Start in Investing

00:04:26 – The History of Howard’s Famous Memos

00:10:25 – Advice for Incoming Investment Committee Members

00:16:02 – The Difference Between Managing Money and the Business of Managing Money

00:19:47 – Running a Business in a World Full of Uncertainties

00:24:05 – Howard’s Thoughts on the Current Market

00:36:32 – Words of Wisdom for Aspiring Investment Professionals

Disclosures

This information was prepared by Fund Evaluation Group, LLC (FEG), a federally registered investment adviser under the Investment Advisers Act of 1940, as amended, providing non-discretionary and discretionary investment advice to its clients on an individual basis. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Fund Evaluation Group, LLC, Form ADV Part 2A & 2B can be obtained by written request directed to: Fund Evaluation Group, LLC, 201 East Fifth Street, Suite 1600, Cincinnati, OH 45202 Attention: Compliance Department.

This information is prepared for informational purposes only. It does not address specific investment objectives, or the financial situation and the particular needs of any person who may receive this presentation. Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to make an offer, to buy or sell any securities.

The information herein was obtained from various sources. FEG does not guarantee the accuracy or completeness of such information provided by third parties. The information in this presentation is given as of the date indicated and believed to be reliable. FEG assumes no obligation to update this information, or to advise on further developments relating to it.