Epstein Secrets

cause I am not the traditional hedge fund story. I didn't work two years in investment banking and then go to Harvard Business School. I went to Wharton for undergrad. I did not get into NYU Law, but I got into Duke. I went down to Duke for a weekend with my parents and everybody there was 6'4" a

ant to get caught in being long common stock that can go down a lot more than the options can. Options are wonderful vehicles. I took courses in Wharton on options pricing, I learned all the theoretical models. That's not what talking about. El talking about actually understanding what they mean

half ago and now they are three points lower. I don't have the luxury of being down 6% in a month trying to make my money next year. Firms like Oaktree and Apollo with longer term money are buying hand over fist right now. They're all suffering near term losses because energy bonds have gone dow

ons and I started actively managing my own personal account in high school and continued to do so throughout college and grad school. I went to Wharton for undergrad and decided to concentrate in Management. I found the analysis of competitive strategy very interesting. I was interested in why

d insights not only to us, but also to the invest- ment community as a whole. and we thank you for reading. - G&Dsville Editors Howard Marks from Oaktree, pictured here giving the keynote talk at the CSIMA Conference in January 2016 Columbia Business School students help at registration for the 19t

. . even if it's not exactly on target. • The earning of a profit proves the investor made a good decision — One of the first things I learned at Wharton was that you can't necessarily tell the quality of a decision from the outcome. Given the unpredictability of future events and, especially, the pre

f short-term investing, and I go through it only to provide a graphic illustration of the difference between first-level and second- level thinking. Oaktree and I aren't focused on short-term results, and the thinking we apply to long-run considerations is quite different. We think much less about what o