Subject: Sea Change
Latest memo titled Sea Change from Howard Marks. Post is not marked OT since Oaktree is part owned by Brookfield.
https://www.oaktreecapital.com...

Bonus memo titled They've Ruled Out Tail Risk by John Hussman.
https://www.hussmanfunds.com/c...
Hussman is (finally!) having a good year. Up 17.38 compared to -20 YTD for the S&P500. Good for him!
https://www.morningstar.com/fu...