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Howard Marks Quarterly Report

I feel that Howard Marks is one of the most intelligent and thoughtful people that I've read and I regularly enjoy his commentary. Below is his most recent commentary, which is political yet right on in my estimation. Hopefully our politicians realize that compromise is the only way to solve some of these problems that we face as a nation. Enjoy!

http://www.oaktreecapital.com/MemoTree/A%20Fresh%20Start%20(Hopefully)%2011_19_2012.pdf