Income portfolio delivers steady returns

In our regular six-monthly update on the Income portfolio Jason Prowd teases out what drove its performance, and distils a few investing lessons.

It takes a rare investing talent to impress Joel Greenblatt, Jeremy Grantham, Seth Klarman, and Warren Buffett, but Howard Marks, co-founder and chairman of Oaktree Capital Management, has done just that. Over forty-odd years in the market, Marks has forged a reputation as an original and insightful investor, garnering the respect of the best in the business.

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