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Behind the Memo: The Indispensability of Risk with Howard Marks, Bruce Karsh, and Maurice Ashley


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Podcast: The Memo by Howard Marks (LS 52 · TOP 0.5% what is this?)
Episode: Behind the Memo: The Indispensability of Risk with Howard Marks, Bruce Karsh, and Maurice Ashley
Pub date: 2024-07-23

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In this episode of Behind the Memo, Howard Marks is joined by two special guests: Oaktree cofounder Bruce Karsh and the chess Grandmaster Maurice Ashley. In a wide-ranging conversation, they discuss Howard’s recent memo "The Indispensability of Risk" as well as the inspiration for that memo: Maurice’s Wall Street Journal article, "Chess Teaches the Power of Sacrifice." They consider the many parallels between chess and investing, including the lesson that not taking enough risk may be one of the riskiest strategies of all.

You can read the memo here (https://www.oaktreecapital.com/docs/default-source/memos/the-indispensability-of-risk.pdf?sfvrsn=52b45666_3).



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Wenbin Fang's Podcast PlaylistBy Wenbin Fang / Listen Notes