Investment Thoughts - Markets by Howard Marks, The Yen Carry Trade and EdgePoint's Journey

Every now and them we come across a real investment theory golden nugget. This is one of them. I am sure I have shared or commented on Howard Marks from Oaktree before, and this is one of his best. You don’t even have to read it; you can just listen. Click on the image below to hear what Howard thinks of current market movement.

Oaktree Capital (2024 August 27^th) “Behind the Memo – the Impact of Debt with Haward Marks and Morgan Housel” https://www.oaktreecapital.com/insights/memo-podcast/behind-the-memo-the-impact-of-debt

You can listen to or read all of Howard’s thoughts, as well as all of the comments from Oaktree at: https://www.oaktreecapital.com/insights

On another note, if you ever wondered what the Yen Carry Trade was and why it impacted markets earlier this month here is a decent explanation from the World Economic Forum:

World Economic Forum (2024 August 20^th) “Carry trades: What are they and why are they impacting the global economy?” https://www.weforum.org/agenda/2024/08/explainer-carry-trades-and-how-they-impact-global-markets/

Lastly here is a video from EdgePoint that highlights how their long-term vision has shaped the extraordinary performance they have experienced over the past 15 years:

EdgePoint (2024 August 19^th) “EdgePoint’s Journey – The first 15 years” https://edgepointwealth.com/article/edgepoints-journey-the-first-15-years-or-insights-videos/

Let me know your thoughts.

Les Consenheim is a portfolio manager with Raymond James Ltd -Consenheim Wealth Management and can be reached at 372-8117 or les.consenheim@raymondjames.ca Raymond James Ltd. is a member CIPF.

Les Consenheim is a Financial Advisor with Raymond James Ltd. Information provided is not a solicitation and although obtained from sources considered reliable, is not guaranteed. The view and opinions contained in the article are those of Les Consenheim, not Raymond James Ltd. Raymond James Ltd. member of Canadian Investor Protection Fund.

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