Howard Marks

Yeah, you should invest in some tech startups.

That's right, David.

Previously, that was held by when I wrote, I think it was in January of 14 or 15, called Luck.

in which I talked about how lucky I've been and that I'm a big believer in luck and it's great to be on the right side of it.

And I listed about a dozen ways that I think I've been lucky and people like that because it showed the personal side, as did something of value.

Well, Nancy and I came to California on March the 6th of 2020.

Oak Tree was scheduled to have a conference for its clients on the 11th.

Although we canceled the conference, we did record it at the conference venue.

for live streaming and so we were in la which of course is oak trees headquarters andrew and his family came out on the 13th and moved in with us and we stayed that way for i think until june so we were incarcerated together and first of all we have fun talking about what we do and kidding each other and we have a lot of differences we're not the same person

Andrew's business is different from mine, and his general mindset is different.

What he learned 40 years after I learned what I learned initially, hopefully still learning, both of us.

So there were a lot of instances of differences, and that made for a very spirited period, and I hope a spirited memo.

No, because first of all, he didn't get near the keyboard.

But we communicate really well.

The ideas that he expressed, many of the ideas came from him as counterpoint to mine.

And when he expressed them, it was clear that we'd have a really good talk

No.

I'm a recovered equity investor.

I was in the equity research department of Citibank from 69 to 78, and then I left.

And in the credit field where I've spent the last 44 years, we historically have not had contact with what you would call a tech company.