Howard Marks' Latest Memo: Expert Opinion ~ market folly

Thursday, February 2, 2017

Howard Marks' Latest Memo: Expert Opinion

Oaktree Capital's Chairman Howard Marks has penned yet another memo entitled Expert Opinion.

He notes that, "There are no facts about the future, just opinions.  Anyone who asserts with conviction what he thinks will happen in the macro future is overstating his foresight, whether out of ignorance, hubris or dishonesty."

Embedded below is Oaktree Capital's latest memo from Howard Marks: "Expert Opinion"


We've posted up a bunch of letters today, so be sure to also check out Third Point's Q4 letter as well as Greenlight Capital's Q4 letter.

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