30 Years of Oaktree

This Oaktree podcast excerpt commemorates the firm's 30th anniversary with a fireside chat featuring co-founders Howard Marks, Bruce Karsh, and Sheldon Stone, moderated by Madeleine Horton. They discuss how they met and the genesis of Oaktree, including the initial idea for a distressed debt fund, the firm's founding principles, and the importance of company culture, emphasizing a balanced life and a "no jerk" policy. They highlight key decisions, such as avoiding venture capital, and express their hopes for Oaktree's future, focusing on maintaining its culture, reputation, and the importance of internal leadership development, while continuing to excel in challenging market conditions.