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Oaktree Capital's Howard Marks Investment Letter ...

Old_Skeet
edited July 2012 in Fund Discussions
The letter's subject is active management is the search for mistakes. It is linked below for your reading enjoyment.

http://www.marketfolly.com/2012/06/howard-marks-active-management-is.html

Good Investing,
Skeeter

Comments

  • beebee
    Thanks Skeeter...Europe seem like the perfect candidate right now for mispriced mistakes...I'm lookin at EWP (Spain).
  • fundalarmfundalarm
    this also calls for patient capital. searching for investable mistakes in a mutual fund setting when markets are down and investors withdraw funds is not possible. the managers are forced to sell at the bottom instead. this works in closed-fund and hedge-fund universe or with some patient institutional separate accounts.
  • beebee
    edited July 2012
    Reply to @fundalarm:

    Unless of course mutual fund managers are holding cash and or previously not exposed to the down draft. Don Yacktman comes to mind...probably others.
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