Original analysis and comprehensive guides to the world's greatest investment thinkers. Built on our knowledge base of 250+ Buffett letters and 160+ Howard Marks memos.
Warren Buffett's shareholder letters span 68 years and contain the most complete record of a single investor's evolving philosophy. This guide maps every era, from the $105,100 partnership to a $900 billion conglomerate, with direct links to our annotated archive.
Read →Since 1990, Howard Marks has written over 160 investment memos to Oaktree Capital clients. Warren Buffett says they are the first thing he reads when they arrive. This guide maps every era of Marks' thinking, from his earliest warnings on risk to the 2022 'Sea Change' thesis.
Read →Warren Buffett and Howard Marks are both called value investors, but they approach investing from fundamentally different angles. Buffett buys wonderful businesses at fair prices. Marks buys distressed assets below intrinsic value. This analysis maps where their philosophies converge and where they sharply diverge.
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