The Memo: I Beg to Differ

Howard Marks, Co-Founder of Oaktree Capital and previous conference keynote speaker, argues in his latest memo that investors must depart from the pack in order to earn above average returns, even if this carries with it risk of being incorrect. As Howard puts it, the key to outperforming is second-level thinking, which is fundamentally contrarian in nature and about being able to tell when other investors are focusing on the wrong things. Listen to the memo below or read the PDF online here. 


Disclaimer: This material has been prepared by The Memo Podcast, published on 26 July 2022. HM1 is not responsible for the content of linked websites or content prepared by third party. The inclusion of these links and third-party content does not in any way imply any form of endorsement by HM1 of the products or services provided by persons or organisations who are responsible for the linked websites and third-party content. This information is for general information only and does not consider the objectives, financial situation or needs of any person. Before making an investment decision, you should read the relevant disclosure document (if appropriate) and seek professional advice to determine whether the investment and information is suitable for you.

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