Howard Marks: Frontier Investing Is Next Opportunity

Notes from the fireside chat with Howard Marks from the 2020 SohnX San Francisco Conference. See the full coverage here. Q2 2020 hedge fund letters, conferences and more Howard Marks of Oaktree Capital Culture and leadership is key to the organization Set the tone in the beginning Howard wrote the rules at the start to follow from thereafter Risk control is key Culture driven organization Risk is possibility of something undesirable happening Not volatility Volatility is quantifiable but it is not risk Ratings agency is helpful for present state Standards of issuing triple c debt should be difficult Recent years,…