Tuesday, January 23, 2018

Howard Marks Memo: Latest Thinking

Link to Memo: Latest Thinking
Travel to clients abroad and preoccupation with my coming book on cycles (final draft submitted just the other day) have combined to keep me from writing a memo since September, but fortunately not from thinking.  Thus I have ideas to set down on two significant subjects: the market environment and the new tax law.  Further, I’m highly motivated to do so, since if I skip a few months, people start writing in, “Are you sick?”