Classic Howard Marks

Oaktree Capital’s memo is as thoughtful as ever:
http://www.oaktreecapital.com/memo.aspx

People ask all the time what will happen in Europe. I tell them the situation is enormously complex, murky and uncertain, but I’m absolutely sure of three things: (a) I don’t know, (b) nobody knows, and (c) if you ask an expert for advice and follow it, you’ll probably be making a mistake.

Advertisements

About mcturra2000

Computer programmer living in Scotland.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s