Not LVGO / TDOC.....

Completely different subject.

https://www.oaktreecapital.com/docs/default-source/memos/tim…

This is a memo from Howard Marks of Oaktree Capital. It’s free for all.

His memos are really good and I learn something from each one. The main section I appreciated in this one is where he gives the “bull case” for current valuations. I had not seen it spelled out this way before and it opened me up a little in my thinking on this topic. I don’t think he is saying that he necessarily agrees completely with the bull case, but he does say that it has some merits.

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