Memo to: Oaktree Clients From: Howard Marks Re: Getting Lucky The Role of Luck LL CA R PI IG T H AL TS M R AN ES A ER G V EM ED E . NT ,L .P . Sometimes these memos are inspired by a single event or just one thing I read. This one – like my first memo 24 years ago – grew out of the juxtaposition of two observations. I’ll introduce one here and the other on page seven. Contrary to my wife Nancy’s observation that my memos are “all the same,” the subject here…
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