Voices
Howard Marks
Co-founder of Oaktree Capital Management, whose client memos on risk and market cycles are widely read across the industry.
Investor · Oaktree Capital4 lines
“Rule number one: most things will prove to be cyclical. Rule number two: some of the greatest opportunities for gain and loss come when other people forget rule number one.”
“The greatest lesson of the cycle is that nothing goes in one direction forever.”