The Archive: You Bet!

In his 2020 memo You Bet!, Howard Marks explained what it means
to “think in bets,” as he discussed the many parallels between
investing and games of chance. Now you can listen to You
Bet!, the first release from The Memo by Howard Marks: The
Archive. We’ve received many requests for an audio library
of the memos that Howard Marks has published over the last 34
years, so we’re going to begin building this archive by releasing
audio versions of some of Howard’s most popular memos.


To hear more about Howard’s thoughts on this memo, listen to his
conversation with former professional poker player and
best-selling author Annie Duke, whose 2018 book Thinking in Bets
was the inspiration for the memo. This special episode
(https://www.oaktreecapital.com/insights/insight-podcast/market-commentary/the-insight-conversations-special-episode-with-annie-duke-and-howard-marks)
of the The Insight: Conversations with Howard and Annie was
released in December 2023.