Daily Archives: July 22, 2013

The importance of seeing risk/reward as it is

Oaktree Capital’s Howard Marks on the importance of understanding and accepting that present conditions present a low return environment: “the market is not an accommodating machine,” it cannot just give us what we want or feel we need to earn … Continue reading

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Detroit admits truth: it can’t pay all of its promises

While many individuals, cities, states and some countries, have repeatedly opted to extend and pretend the financial reckoning of too much spending and too little revenue over the past 6 years, Detroit has finally cried uncle. This will be a … Continue reading

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