40 pages of hedge-fund letters

By Felix Salmon
August 26, 2009
Market Folly has the 24-page second-quarter letter from Elliott Associates, while the 16-page memo from Howard Marks of Oaktree is here. Both have moments of brilliance, and are better financial writing than anything you'll read in a newspaper or magazine this month. Of course, they're openly talking their book. But you guys are smart enough to discount for that, and come away with some pretty sharp insights.

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Market Folly has the 24-page second-quarter letter from Elliott Associates, while the 16-page memo from Howard Marks of Oaktree is here. Both have moments of brilliance, and are better financial writing than anything you’ll read in a newspaper or magazine this month. Of course, they’re openly talking their book. But you guys are smart enough to discount for that, and come away with some pretty sharp insights.

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