In this conversation, Howard Marks, co-chairman of Oaktree Capital Management, discusses the current state of the U.S. economy and the implications for Long Island businesses. He shares insights on distressed debt, market bubbles, and the importance of philanthropy in the East End community. He also explains the difference between the current state of cautious optimism versus the big bubbles seen in the late 60's and late 90's.

Read "The Memo" here.