The last 20 months have taught us to question everything. What is the future of work? Can American democracy survive? Will Baby Boomers keep consuming more than their fair share? And what comes after “trillion”? Howard Marks’s latest memo examines paradigm shifts that could reshape the economy, markets and the world for many years to come. (November 23, 2021)You can read the memo here (https://www.oaktreecapital.com/docs/default-source/memos/thewindsofchange.pdf)The memo is read by LJ Ganser.