Episode description

Howard reflects on this memo originally published on January 14, 2016. In the first of a two-part series, he analyzes investors’ irrationality and discusses why things that are obvious in investing are usually wrong.

You can read the memo here (https://www.oaktreecapital.com/docs/default-source/memos/on-the-couch.pdf).

The memo is read by LJ Ganser.