Howard Marks' Crystal Ball Proved Accurate

Great article via Barron's below is a short excerpt.
Howard Marks' Crystal Ball Proved Accurate by Barron's
Ten years ago, veteran investor and writer Howard Marks sent a contrarian -- and prescient -- memo to clients of his firm, Oaktree Capital Management, assessing the state of the hedge fund industry. Last week, Barron's checked in with Marks to get his thoughts on the industry today.

Though aimed at clients, Marks' missives are widely read on Wall Street and beyond. Marks, 68, earned . . .

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