FYI: Howard Marks is the co-chairman of Oaktree Capital Management, a well-known bond and alternatives investing specialist. Marks is a legend in asset-management circles, having amassed an outstanding record, and his memos are considered de rigueur within the corridors of Wall Street and well beyond (Warren Buffett is one of Marks' most devoted readers). One such memo, "The Route to Performance," was published in 1990:
Regards,
Ted
http://www.morningstar.com/articles/856085/slow-and-steady-wins-the-racein-the-land-of-makebe.html
