Epstein Secrets

on page 22) EFTA00300985 Page 22 Alex Magaro rich valuations. What happens to enable Meritage to b

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

s are all risk averse. None of them need to get rich; their goal is to stay rich. It's a big differen

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

intense and everyone with a positive IQ would be rich. What Charlie and Professor Galbraith meant is t

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