The Winds of Change

In his latest memo, Howard Marks discusses the evolution of the sub-investment grade credit market from its beginnings in the 1970s to its present state. He focuses on the rise of direct lending following the Global Financial Crisis, identifying the reasons for its fast growth bu ... Show More

In this special episode of The Insight: Conversations, Howard Marks shares his reflections on themes from Oaktree’s recent client conference, including the evolution of the credit markets, the nature of mispricings, and the importance of leadership. 

In his latest memo – occasioned by massive changes he cites in just the 11 weeks since the last one – Howard Marks revisits the subject of AI, providing his observations on its essence and how it differs from previous technological innovations. He highlights AI’s immense power, s ... Show More

As we anticipate months more of lockdown and efforts at recovery, at further tragic loss of life and catastrophic economic dislocation, it is clear that we are living through an era-defining event. Such events typically shape the outlook of generations and lead to shifts in prior ... Show More

Alf and Brent discuss similarities and differences between the world and the macro cycle today versus the pre-pandemic period. While the cycle might look similar, should we not pay attention to the structural differences too? The duo moves on to discuss the aggressive bond market ... Show More

Jan Hatzius, head of Goldman Sachs Research and the firm's chief economist, and Dominic Wilson, senior advisor in the Global Markets Research Group, discuss the impact of rapidly shifting tariff policies on the global economy and markets. Learn more about your ad choices. Visit m ... Show More

<p>– The end of the beginning or the beginning of the end?</p> <p>– The market seems to know…</p> <p>– Another bank, another huge profit</p> <p>– The value of a brand</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p> 

Highlights from some of the most interesting conversations on The Breakdown from the last two months.  4/1 - Peter Zeihan on why the world we’ve known for 30 years is changing forever 4/6 - Emerson Spartz on a moment of punctuated equilibrium  4/17 - Jared Dillian on the ... Show More

Episode 245 | Empower yourself with knowledge of what’s happening in the world with geopolitical analyst and author Peter Zeihan. Peter discusses global politics, current events, and economics through a lens that challenges your assumptions about how the world will operate in the ... Show More

When the facts change, what do you do? Today we begin a new series on changing our minds. When it happens, why it happens, and how we are rewarded — in business, in investing, and in life. Shorting (9:10) - Is it wrong to short stocks? Is it worth the effort? Go Tar Heels (15:03 ... Show More

<p>Banking instability. High interest rates. Pervasive geopolitical upset. These and other headwinds are pressing powerfully against leaders’ and organizations’ attempts to be more productive and create more economic value. In this episode of <em>The McKinsey Podcast</em>, senior ... Show More

Market uncertainty is on everyone’s mind. Given rising interest rates, inflation, the crypto crash, and other economic trends (hello, recession?), we talk about what this current climate means in the long term for beginner and seasoned investors alike. Custom music by Davis Jone ... Show More