
Howard Marks, co-founder of Oaktree Capital Group LLC, has expressed concerns about potential market bubbles, particularly in the context of current economic conditions. In a recent discussion, Marks emphasized that investors who benefitted from the era of easy money should not anticipate similar returns moving forward. He highlighted the behavioral aspects of market bubbles, stating that fear of missing out (FOMO) often overtakes the fear of financial loss. Marks also suggested that the election of controversial political figures could serve as an indicator of bubble behavior. As of January 27, Nasdaq futures were down 4.2%, reflecting broader market anxieties.
Oaktree Capital Group LLC co-founder Howard Marks says investors who made a fortune in the era of easy money should not expect the same strategies to deliver such exceptional returns in the future. From @denitsa_tsekova & me: https://t.co/xpQK1yHq0g
Oaktree’s Howard Marks @iconnections_io: “Bubbles go where they go because FOMO takes over from the fear of losing money” https://t.co/KjwbeX8Jaj
Great discussion: Howard Marks and OddLots. Marks’ focus on bubbles as behaviors vs ‘math’ is fascinating. This era’s leading indicator of bubble behavior that will crash? Electing a deranged, criminal, chaos monkey to be President of the United States? https://t.co/5GIuYniydV