Letters · Memos · Substack
Letters, memos, interviews, and curated posts from Wall Street gurus and crypto whales. Updated daily.
AI Hurtles Ahead
Howard Marks memo (2026) for Oaktree Capital. Read on oaktreecapital.com.
Is It a Bubble?
Howard Marks memo (2025) for Oaktree Capital. Read on oaktreecapital.com.
Cockroaches in the Coal Mine
Howard Marks memo (2025) for Oaktree Capital. Read on oaktreecapital.com.
A Look Under the Hood
Howard Marks memo (2025) for Oaktree Capital. Read on oaktreecapital.com.
What’s Going on in Private Credit?
Howard Marks memo (2025) for Oaktree Capital. Read on oaktreecapital.com.
The Best of . . .
Howard Marks memo (2025) for Oaktree Capital. Read on oaktreecapital.com.
The Calculus of Value
Howard Marks memo (2025) for Oaktree Capital. Read on oaktreecapital.com.
More on Repealing the Laws of Economics
Howard Marks memo (2025) for Oaktree Capital. Read on oaktreecapital.com.
Nobody Knows (Yet Again)
Howard Marks memo (2025) for Oaktree Capital. Read on oaktreecapital.com.
Gimme Credit
Howard Marks memo (2025) for Oaktree Capital. Read on oaktreecapital.com.
On Bubble Watch
Howard Marks memo (2025) for Oaktree Capital. Read on oaktreecapital.com.