Howard Marks is who you need in this Corona crisis.

6 year later from this video we have the all the "stay-all-home" stocks bubble burst in 2022

Thank you

15:23 - He is spot-on!!

Great interview.

The S&P trailing TTM PE isn't 19. It's over 24 as of 9/28/16.

@RichReads

7 жыл бұрын

True. I think the forward is around 19.

@r64g

7 жыл бұрын

Forward PE is quite meaningless. The analysts tend to grossly overestimate forward earnings and this tendency gets worse at the late stages of market cycles. It's just a convenient way for them to pump up the price.

@jzabiabol

7 жыл бұрын

Funny thing is Assness et al ran the calculations to determine the average fwd P/E along his story. Their answer can be surprising to many. Sad thing is this 19 number for fwd P/E is being thrown around to assuage fears the market may be overvalued. And fact is that following fwd P/E numbers the market is as higly overvalued as using TTM P/E. P.S.: Assness calculations gauge fwd P/E along history to be in the mid 11s.

What does Howard Marks means, when he says "We are not driven by macros." Is "macro" a financial term that means something specific; Or is he referring to what macro means in general, i.e. big forces in the economy

@GodAlone19Ali

5 жыл бұрын

Macroeconomic principles more affected by the Fed and public policy

too funny

@lorenzmuller3542

Жыл бұрын

Why? :)

I’m out! host was cringe