Artwork for The Memo by Howard Marks

The Memo by Howard Marks

Oaktree Capital Management

On October 12, 1990, Oaktree Co-Chairman Howard Marks published his first memo to clients. In the decades since, he has periodically released memos reflecting his viewpoint on the investment landscape, as well as more general business insights. On this podcast we'll hear the latest memos by Howard, released in tandem with or shortly after their publication.


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Latest Episodes

Special guest Annie Duke (former professional poker player, best-selling author) joins Howard Marks to discuss ideas from her book Thinking in Bets and Howard’s memo You Bet!  They explore luck, decision quality, uncertainty, and more in this special... more

2 days ago

Howard Marks (Co-Chairman) and Armen Panossian (Head of Performing Credit) discuss topics related to Howard’s latest memo, Further Thoughts on Sea Change, and Oaktree’s recently published Performing Credit Quarterly 3Q2023 in this crossover episode o... more

a month ago

In his latest memo, Howard Marks provides a follow-up to Sea Change (, his thought-provoking memo published in December 2022. He argues that the trends he highlighted in the original memo collec... more

2 months ago


4.9 out of 5 stars from 677 ratings
  • Fewer Losers, or More Winners?

    I just listened to the Memo ‘Fewer Losers, or More Winners?’ and ‘Behind the Memo’. more

    Apple Podcasts
    Thomas review
    United Kingdom3 months ago
  • Insightful

    Very insightful and enjoyable.

    Apple Podcasts
    Denmark5 months ago
  • Well presented

    Howard’s insight and knowledge is superb. I’ve listened to Sea Change numerous times. Amazing work!

    Apple Podcasts
    Canada6 months ago
  • Brilliant

    Brilliant and thoughtful.

    Apple Podcasts
    blond elvis
    Canada7 months ago
  • awesome


    Apple Podcasts
    Canada8 months ago

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