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Howard Marks (Co-Chairman of Oaktree Capital) - "The Most Important Question Is Whether We’re Going to Have Stagflation"
Howard Marks, Co-Chairman of Oaktree Capital, was the latest guest at "The Market NZZ". The interview was just published today with some great topics discussed, particularly focused on the long-term macro environment.
"... One of the most important things is patient opportunism: Try to avoid mistakes, and when there is nothing clever to do, the mistake lies in trying to be clever. So now is a good time to sit on your hands, read about how to be a good investor, ignore the noise, and try to get ready for the opportunities when they come." (The Market NZZ)
Source: The NYT
The Market
Howard Marks: «Most Important Question Is About Stagflation»
The benign environment of low interest rates is a bygone era, thinks Howard Marks, co-chairman of Oaktree Capital. In an in-depth interview, the legendary investor explains why he expects a fundamental shift in the market environment, what that means for your portfolio, and what he considers the worst sin in investing.
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