Entrepreneurship and long-term investing are essential parts of our heritage.
Howard Marks is the co-founder and co-chairman of Oaktree Capital Group. After 26 years at Citibank and TCW, Howard and the five managing directors who reported to him left TCW in 1995 to found Oaktree.
Over the last 23 years, he has built Oaktree into a global investment firm managing ~$100 billion with ~1,000 employees across 18 offices around the world. Oaktree has established a culture based on values such as broad employee ownership, alignment of interests, and putting clients first.
Howard is also well-known for his “Memos to Oaktree Clients,” which are widely read throughout the investing world, and he often appears on Bloomberg and CNBC. In 2011, at the urging of Warren Buffett, he published a book entitled The Most Important Thing: Uncommon Sense for the Thoughtful Investor. It featured the following quote on the dust jacket:
When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something, and that goes double for his book.
Freemark is managed by Howard’s son, Andrew, who has spent his career focused on long-term investing, and Matthew Ford, who has over a decade of experience investing in and working with family-owned and entrepreneurial companies.