Howard Marks just published a memo about this: https://www.oaktreecapital.com/insights/memo/the-calculus-of-value https://www.oaktreecapital.com/insights/memo/

Howard Marks just published a memo about this: https://www.oaktreecapital.com/insights/memo/the-calculus-of-value https://www.oaktreecapital.com/insights/memo/the-calculus-of...