Yahoo Finance·2025-11-25 19:43Core Insights - Howard Marks emphasizes the importance of balancing risk and reward in investment strategies, particularly for retail investors [1] - Oaktree Capital Management, led by Marks, is noted for its prudent investment approach, especially in late-stage markets [2] Company Summaries - Nu Holdings: Oaktree initiated a new position in Nu Holdings worth approximately $72 million, representing over 1.5% of its overall portfolio. The investment is significant due to Nu's international growth potential and modest valuation, despite Berkshire Hathaway's exit from its stake [3][4] - Performance Metrics: Nu Holdings has a forward price-to-earnings (P/E) multiple of 19.8, following strong earnings growth in Q3, making it an attractive option for investors seeking emerging market opportunities [4][7] - Sea Limited: Oaktree also added Sea Limited to its portfolio in Q3, which serves the Southeast Asian market. This investment provides diversification and growth potential similar to that of Nu Holdings [6][7]