The Impact of Debt
May 08, 2024•16 min•Ep. 56
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Episode description
In his latest memo, Howard Marks examines the relationship between leverage and survivability, taking inspiration from a recent Collaborative Fund post by Morgan Housel. Howard explains why determining the appropriate amount of leverage should be about optimization, not maximization.
You can read the memo here (https://www.oaktreecapital.com/insights/memo/the-impact-of-debt).
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