Top critical review
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A must if you don't follow Howard Marks; just a nice to have if you do
on June 10, 2011
I have read Howard's memos for years so was excited to see a book come out under his authorship.
I highly recommend buying this book if you are unfamiliar with Howard. His views on investing are invaluable.
If you are like me, however, you may find this book to be a bit of a let down as it relies heavily on his old memos (all of which are free on the Oaktree website). The book literally rewrites important segments of his memos and then adds a bit of color here and there. I find it convenient to have the most important points of his memos in one place and nicely summarized, but that's about it.