Howard Marks's Memo "Shall We Repeal The Laws of Economics"

The Memo by Howard Marks

Oaktree Capital Management

Shall We Repeal The Laws of Economics?

SEP 19, 202455 MIN
The Memo by Howard Marks

Shall We Repeal The Laws of Economics?

SEP 19, 202455 MIN

Description

In his latest memo, Howard Marks discusses the economic facts of life, as he examines the workings of free markets and what happens when they’re tampered with. He considers what “price-gouging” actually means and how rents should be set. He ultimately argues that the laws of economics shouldn’t be overridden — even when it’s politically advantageous to do so – because of the loss to society.

You can read the memo here (https://www.oaktreecapital.com/docs/default-source/memos/shall-we-repeal-the-laws-of-economics.pdf?sfvrsn=ab205566_1).