Notes from the fireside chat with Howard Marks from the 2020 SohnX San Francisco Conference.
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Q2 2020 hedge fund letters, conferences and more
Howard Marks of Oaktree Capital
- Culture and leadership is key to the organization
- Set the tone in the beginning
- Howard wrote the rules at the start to follow from thereafter
- Risk control is key
- Culture driven organization
- Risk is possibility of something undesirable happening
- Not volatility
- Volatility is quantifiable but it is not risk
- Ratings agency is helpful for present state
- Standards of issuing triple c debt should be difficult
- Recent years, have been easy...


