1985 and created and led the High Yield, Convertible Securities and Distressed Debt groups. He is howard marks the most important thing illuminated pdf in the investment community for his “Oaktree memos” to clients which detail investment strategies and insight into the economy.
He has published several books on investing. He is a CFA charterholder. From 1978 to 1985 he served as a Vice President, as well as a senior portfolio manager overlooking convertible and high yield securities. He was also Chief Investment Officer for domestic fixed income, and the President of TCW Asset Management Company. He remained with the company until 1995. The investment firm grew rapidly, focusing on high-yield bonds, distressed debt, private equity, and adding further strategies. He remains Co-chairman of the organization.
Marks consistently writes what he calls “memos to Oaktree clients” which outline his views on investing, the markets, and economies. Admired for the folksy charm and astute commentary of his letters to investors. Their quality and insight have gained them a devoted readership among value investors. The book covered his investment strategies and analysis of market opportunity and risk. According to Buffett, “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something, and that goes double for his book. In 2013, he published an updated edition entitled “The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor.
In 1992, he created the Howard S. Marks Terms Scholarship to provide renewable scholarships to undergraduates at the University of Pennsylvania, and in 2009 he endowed the Marks Family Writing Center at the university. 2016 he is an Emeritus Trustee. He is a member of the New York Society of Security Analysts and the Investment Committees of the Metropolitan Museum of Art, the Edmund Safra Foundation, and formerly of the Leona and Harry Helmsley Charitable Trust. He is a Trustee of the Metropolitan Museum and Chairman of the Board of Trustees of the Royal Drawing Room. He is also on the board of directors of Jadwa Investment, Saudi Arabia.