Howard Marks

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‘Neither bulls nor bears should be too confident as to what’s next,’ says Howard Marks

Neither bulls nor bears should be too confident as to what’s next, argues Oaktree Capital’s Howard Marks in his latest memo, aptly titled Uncertainty.(...)

Many high-profile investors, including Warren Buffett, have recently expressed caution regarding the prospects for stocks. Photograph: EPA/Larry W Smith

Many high-profile investors, including Warren Buffett and Howard Marks, have recently expressed caution regarding the prospects for stocks. Two more b(...)

The bounce in indices outside the US has been weaker, and investors are entitled to wonder if American optimism is overdone. Photograph: Michael Nagle/Bloomberg

“We’re only down 15 per cent from the all-time high of February 19th,” cautioned Oaktree Capital founder Howard Marks last week. “It seems to me the w(...)

‘It’s not easy to buy when the news is terrible,’ says Howard Marks. Photograph: Christopher Goodney/Bloomberg

Oaktree Capital founder and renowned value investor Howard Marks agrees markets “may well be considerably lower sometime in the coming months”, but in(...)

Strong rallies often occur in bear markets, cautions Goldman, only to eventually hit new lows.

A bear market rally? Like Howard Marks, Goldman Sachs is cautious about the idea that stocks have bottomed. If stocks bottomed on March 23rd, it would(...)

Optimists hope that the financial impact is sharp but brief as policymakers throw the kitchen sink at the economy. Photograph:  Kazuhiro Nogi/AFP via Getty Images)

Stocks soared higher in the last week of March but investors should not be surprised by another bout of market bloodshed, says Howard Marks. The Oaktr(...)

Board displaying stock prices for Japanese companies on the Tokyo Stock Exchange in Tokyo on March 3, 2020. Photograph: Kazuhiro Nogi/AFP/Getty Images)

Howard Marks’ aforementioned note asks: is this the time to buy? His answer is more nuanced; it’s probably a time to buy, but there is no identifiabl(...)

US federal reserve Chairman Jerome Powell departs after giving a press briefing, after the surprise announcement the FED will cut interest rates. Photograph: Eric Baradat/AFP/ Getty Images)

Last week’s rate cut cannot kill the coronavirus, but that doesn’t mean it was futile. There had been a sharp tightening in financial conditions; Bloo(...)

BlackRock founder Larry Fink said companies must ‘demonstrate their commitment to the countries, regions, and communities where they operate’ and that ‘purpose is not the sole pursuit of profits’.  Photograph: Michael Cohen/Getty Images

For decades, American companies took it as read that their purpose was simple: to make as much money as possible for their shareholders. That has now(...)

‘When times get tough, investors often decide to sit things out until the coast is clear. The problem is that by the time the smoke has lifted, the train has often left the station, to use an old market adage.’ Photograph: Pat Roque/AP

A decade ago, the global financial crisis was raging and stocks were sinking amid the worst bear market since the 1930s. Ten years ago this week, stoc(...)

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