As the first quarter of the new year draws to a close, it is fitting that we review Howard Marks’ latest letter entitled "2020 in Review."

"If I'd have had more time, I'd have written a shorter letter" ~Blaise Pascal By far, the most common question we get today is about...

"If I'd have had more time, I'd have written a shorter letter" ~Blaise Pascal This week’s note is another excerpt from an excellent memo...