Links - 09/26/2023
“The investment environment greatly influences outcomes. To wring high returns from a low-return environment requires the ability to swim against the tide and find the relatively few winners. This must be based on some combination of exceptional skill, high risk bearing and good luck.” —Howard Marks
Howdens Joinery: Additional Thoughts - by Todd Wenning (LINK)
Alta Fox Capital Management’s thesis on Humble Group AB (LINK)
Oaktree Insights – The Roundup: Top Takeaways from Oaktree’s Quarterly Letters – September 2023 Edition (LINK)
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