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Latest Memo From Howard Marks: Go Figure!

Howard Marks memo for the month of November 2016. Think back to just before last week’s election.  What did we know? The polls were almost unanimous in saying Hillary Clinton would win the popular vote by about 3%. FiveThirtyEight, an […]

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Wealth Confiscation You Won’t See Coming

Con·fis·ca·tion (känf??sk?SH(?)n/), noun. The action of taking or seizing someone’s property with authority; seizure. Over the last eight years, many of us in the newsletter business have repeatedly warned about the possibility of involuntary bank “bail-ins.” These would entail confiscation […]