Introduction

This is the memo by howard marks to day. We are featuring another episode of the re wind in which howard looks back on some of his memos over the ears, discusses their origins and considers their relevance to to day's financial environment. In this episode, howard reflects on, it's all a big mis which was originally published on june twentieth,. 20 twelfth, in conversation with bob o'leary, who was global co portfolio manager and head of north america for oak tree's global opportunities strategy. Howard and bob were interviewed by anna shamansky, oak tree's senior financial writer. Here's the conversation.