The dichotomy of “value” and “growth” investing has become a sharp stylistic divide. But is it helpful? In his latest memo, Howard Marks discusses how he views the art and science of value investing, especially in the increasingly efficient and complex world we face today. (January 11, 2021)

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

The memo is read by LJ Ganser.