Bubble
ID 32151428 © Flynt | Dreamstime.com

Here’s a memo out this week to Oaktree clients, written by market veteran Howard Marks.

Exactly 25 years ago today, I published the first memo that brought a response from readers (after having written for almost ten years without receiving any). The memo was called bubble.com, and the subject was the irrational behavior I thought was taking place with respect to tech, internet, and e-commerce stocks. The memo had two things going for it: it was right, and it was right ...

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