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The Impact of Debt
Manage episode 417155354 series 2809044
In his latest memo, Howard Marks examines the relationship between leverage and survivability, taking inspiration from a recent Collaborative Fund post by Morgan Housel. Howard explains why determining the appropriate amount of leverage should be about optimization, not maximization.
You can read the memo here (https://www.oaktreecapital.com/insights/memo/the-impact-of-debt).
61 episodes
Manage episode 417155354 series 2809044
In his latest memo, Howard Marks examines the relationship between leverage and survivability, taking inspiration from a recent Collaborative Fund post by Morgan Housel. Howard explains why determining the appropriate amount of leverage should be about optimization, not maximization.
You can read the memo here (https://www.oaktreecapital.com/insights/memo/the-impact-of-debt).
61 episodes
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