Oaktree's Howard Marks Weighs In on Market Risks, PE and Credit

Howard Marks, co-founder and co-chair of Oaktree Capital Management, discusses what he sees as the risks facing the current investment environment and the outlook for the credit market on "Bloomberg Open Interest."
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Пікірлер: 86

  • @Riggsnic_co
    @Riggsnic_co5 күн бұрын

    I learned that the stock market was a rich man's game (yes, grandparents lost it all back then and preached that forever) but I've been around long enough to really taste how great it can be. To be profitable, with inflation at 6.1% These are surely desperate times, but in my opinion, there is no market condition that a good financial advisor cannot navigate, especially those that have existed since the crisis of 2008 and before.

  • @Jamessmith-12

    @Jamessmith-12

    5 күн бұрын

    I know having a financial advisor improves your overall portfolio performance, but are they really as effective as you claim?

  • @JacquelinePerrira

    @JacquelinePerrira

    5 күн бұрын

    Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.

  • @kevinmarten

    @kevinmarten

    5 күн бұрын

    Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

  • @JacquelinePerrira

    @JacquelinePerrira

    5 күн бұрын

    'Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @kevinmarten

    @kevinmarten

    5 күн бұрын

    Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

  • @michaelcarlson1481
    @michaelcarlson148112 күн бұрын

    Howard Marks is the real deal. Not a sell side guy. Talks the truth and not his book. Always appreciate his insight.

  • @wm6549

    @wm6549

    8 күн бұрын

    What are some of his best calls? I just know him from writing memos.

  • @Cos_Why_Not

    @Cos_Why_Not

    7 күн бұрын

    @@wm6549 It's not very public stuff as far as I'm aware, he invests in distressed debt. That's his world. He has recently said he only uses stock market overvaluation to gauge public sentiment on where in the cycle we are.

  • @golfinguru11

    @golfinguru11

    7 күн бұрын

    I’ve read many of his memos and followed his career. He speaks in broad platitudes far too often. I’m sure he’s great at what he does (junk bonds, mostly) but I’ve taken far more actionable advice from Munger/Buffett, for example.

  • @jaymeah6236

    @jaymeah6236

    7 күн бұрын

    @@golfinguru11 I totally agree here. I'm currently reading his book 'Mastering the Cycle" which is interesting, but not actionable to the extent it's very broad in scope. I guess it could inform my general view of markets but nothing concrete in terms of strategy or how to allocate funds imo.

  • @TimothyWilliams31
    @TimothyWilliams3110 күн бұрын

    The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life.

  • @MeghanMurphy-ve1hw

    @MeghanMurphy-ve1hw

    10 күн бұрын

    I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.

  • @khanJK-o8u

    @khanJK-o8u

    10 күн бұрын

    I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital asset, i accrued over $80K in dividends last year

  • @SuperDevon1994

    @SuperDevon1994

    10 күн бұрын

    I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this expert that guides you?

  • @khanJK-o8u

    @khanJK-o8u

    10 күн бұрын

    Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with *KAREN* *MARIE* *GENDRON* for about five years now, and her performance has been consistently impressive.

  • @SuperDevon1994

    @SuperDevon1994

    10 күн бұрын

    Thanks for this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.

  • @landi2244
    @landi224412 күн бұрын

    This man knows what he is talking about. Please read his book.

  • @dk-we6fr

    @dk-we6fr

    12 күн бұрын

    And his memo's.

  • @illegalsmirf

    @illegalsmirf

    12 күн бұрын

    No.

  • @landi2244

    @landi2244

    12 күн бұрын

    @@illegalsmirf yes.

  • @jay_stack1270

    @jay_stack1270

    12 күн бұрын

    @@landi2244 😂🤣

  • @Marley78lm
    @Marley78lm12 күн бұрын

    Love this guy!

  • @dennismorris7573

    @dennismorris7573

    12 күн бұрын

    He´s brilliant.

  • @palebiss1646
    @palebiss164612 күн бұрын

    I can't believe I've owned my Tesla for more than a year, but even if it's not flawless, I still love my car.

  • @OscarOwenn

    @OscarOwenn

    12 күн бұрын

    I think that's more significant than simply knowing the name of a stock to purchase because it will strengthen your belief and faith in the business. As a result, you'll be prepared to decide whether to buy, sell, or keep onto the stock when its price varies. As an alternative, Big Money might be getting thrilled because, like with Tesla, they know something about the company that the general public doesn't, and they're buying the shit out of the stock. Assist *Leah* *Foster* *Alderman* a qualified financial advisor. She will also present you a stock analysis that will outline the variables to take into account while making low- and high-priced purchases.

  • @palebiss1646

    @palebiss1646

    12 күн бұрын

    After spending some time with her and saying many thanks, I'll look up her qualifications.

  • @LouisMorganxb3

    @LouisMorganxb3

    12 күн бұрын

    My objective was to become financially independent. Although I was very fortunate to receive a soccer scholarship, I lived a miserable most of my life because my parents still gave me food and other essentials.

  • @collins.l454

    @collins.l454

    12 күн бұрын

    You'll have to exercise patience momentarily. After that, I'll probably watch what Tesla does.

  • @whitemoon5752

    @whitemoon5752

    12 күн бұрын

    Made in China

  • @noremacmada
    @noremacmada12 күн бұрын

    1:47 - I recall a very similar question recently being asked of someone on this channel, and, if I recall correctly, the metric was the ratio of interest payments to defense spending. You may want to review the transcripts to confirm. Also, I struggled to discern whether the response was snark 6:07 - What I interpret as "Mr. Marks on the importance of studying the documentation"

  • @ViktoriyaVolkova-tg6jh
    @ViktoriyaVolkova-tg6jh9 күн бұрын

    always find your lessons very practical and applicable. Thank you for making trading so accessible!

  • @Across048
    @Across0484 күн бұрын

    Thank you Howard Marks. ❤

  • @tobiasjensen7549
    @tobiasjensen75497 күн бұрын

    Thank you so much You are my true hero and the savior of my family. I love you for your modesty and accurate explanation. You are the best KZreadr. Greetings, may God bless you.

  • @vadimdyachkov1561
    @vadimdyachkov15617 күн бұрын

    I've been using your strategy for a few weeks now and it's been working great. Thank you so much!

  • @lutherjones503
    @lutherjones50312 күн бұрын

    I am now afraid to buy FIAT thanks this was helpful. Maybe ask Jay later today for his thoughts. Once a month I would like to see FIAT/CONY when it is available

  • @Pizza-gb1ch
    @Pizza-gb1ch12 күн бұрын

    70% off. Is that enough? Good question.

  • @noremacmada

    @noremacmada

    12 күн бұрын

    @@Pizza-gb1ch am I detecting sarcasm?

  • @golfinguru11

    @golfinguru11

    7 күн бұрын

    Chiming in as a CRE guy - in many cases, not really. A lot of these massive buildings (especially if they’re not trophy Class A) have insane operating costs that just don’t make sense without low interest rates and/or 90%+ tenancy rates - at any price over land value minus demolition cost.

  • @GrigoriyAleksandrov
    @GrigoriyAleksandrov9 күн бұрын

    another amazing strategy by you thank you for the videos

  • @chkee17
    @chkee1710 күн бұрын

    It is widely acknowledged that the United States' debt situation poses a challenge, however, the exact timing of any potential difficulties remains uncertain. Despite this, it is difficult to completely disregard the significance of the US market.

  • @edwardkierklo9757
    @edwardkierklo975711 күн бұрын

    How much downstream distortion was achieved by 13 years of 0 rates and then the fastest relative rate rise in history?

  • @sabahtaha1746
    @sabahtaha17468 күн бұрын

    howard great investor and humble gentleman

  • @twilightbin
    @twilightbin12 күн бұрын

    Retail Real Estate in general is doing fine. ADC, FRT, O - all have ffo rising. I'm not sure why he mentions retail.

  • @sripalsama
    @sripalsama10 күн бұрын

    What does she mean by we are days away from bank runs?

  • @reginafefifofina
    @reginafefifofina12 күн бұрын

    1:04 I have an idea 💡 how much went to bailouts at what inflation and compounding interest? Then the industries/corps/banks that are now super solvent can start paying the public back - or is that just taxes like the Reagan era?

  • @milosnestorovic1594

    @milosnestorovic1594

    12 күн бұрын

    Good idea but Now and Today, it's simple Impossible, complete Impossible....

  • @HelloWorld-hb7yt
    @HelloWorld-hb7yt12 күн бұрын

    he is 78 years old???

  • @andreww5574

    @andreww5574

    11 күн бұрын

    looks great!

  • @sonny8988
    @sonny898811 күн бұрын

    Howard Markets

  • @keimo2007

    @keimo2007

    11 күн бұрын

    Howard Skidmarks

  • @frankkuo7773
    @frankkuo777312 күн бұрын

    please, what's the PE?

  • @Lochamp

    @Lochamp

    12 күн бұрын

    price to earnings ratio

  • @jameswalker366

    @jameswalker366

    12 күн бұрын

    In this context, private equity.

  • @whitemoon5752

    @whitemoon5752

    12 күн бұрын

    Private equity

  • @BC-fu3tg
    @BC-fu3tg8 күн бұрын

    07:25 Gold

  • @fredatlas4396
    @fredatlas43969 күн бұрын

    Just follow John Bogle's advice and stick to index funds and a passive strategy buy and hold. Ignore the markets and the news, they are just distractions to the business of investing. This is part of Mr Bogle's advice to investors, dont gamble with your money

  • @taranjitsingh2714
    @taranjitsingh271410 күн бұрын

    Buy gold stocks…look for Q2 blockbuster earnings with high gold prices…gold stocks will skyrocket and not to mention interest rates coming down further fueling prices!!

  • @jorgipogi
    @jorgipogi9 күн бұрын

    Debt has to be controlled.

  • @sarahclark-langager3346
    @sarahclark-langager33469 күн бұрын

    Munger says your full of it!

  • @whitemoon5752
    @whitemoon575212 күн бұрын

    Waiting for S&P to crash, hold my beer

  • @jackbailey7037
    @jackbailey703712 күн бұрын

    "New York, the capital of the World!!" haha

  • @williamc4221

    @williamc4221

    11 күн бұрын

    He meant the business capital of the world.

  • @ciaronsmith4995

    @ciaronsmith4995

    5 күн бұрын

    @@williamc4221 Yet Oaktree is headquartered in Downtown Los Angeles. Cheers.

  • @panmichael5271
    @panmichael527112 күн бұрын

    A point comes where you have to stick your neck out and say, "When interest on the Federal debt exceeds a $1trillion, it's time for a radical rethink. Stop obfuscating and address the issue head on!"

  • @rufuspipemos
    @rufuspipemos9 күн бұрын

    "No one can tell you what to do about it." Wrong... Bitcoin. It's the only opt-out remaining.

  • @everglades_n_co.
    @everglades_n_co.10 күн бұрын

    for those who are delusional enough to think the market will be boosted even more by lowering the interest rate. think twice and take a closer listen to him.

  • @paranoidhumanoid
    @paranoidhumanoid10 күн бұрын

    Howard Marks is having Biden like mental seizures.

  • @personofnote1571

    @personofnote1571

    9 күн бұрын

    Not even close

  • @ArchieJohnson5h
    @ArchieJohnson5h8 күн бұрын

    This administration's degree of corruption and incompetence is getting ridiculous. I feel sorry for people who are disabled and do not get the support to which they are legally entitled. Leah Foster Alderman, you have my sincere gratitude. Imagine investing $1.5K and earning $6k in just four days.

  • @AdamWright8fool

    @AdamWright8fool

    8 күн бұрын

    That woman completely transformed my life for the better. I've met many people, but none seem as honest as Leah. I'm surprised you know her too

  • @FreestyleJameZ

    @FreestyleJameZ

    8 күн бұрын

    I've seen a lot of people talking about Leah, she must be really great for everyone to be saying such nice things about her.

  • @CoreyLloydo

    @CoreyLloydo

    8 күн бұрын

    Please, how can I seek her help as I'm new to this?

  • @AdamWright8fool

    @AdamWright8fool

    8 күн бұрын

    "Leah Foster Alderman" You'll definitely find out more if you search her up online

  • @ArchieJohnson5h

    @ArchieJohnson5h

    8 күн бұрын

    That's her name, search her up using the name above!

  • @BugMateo
    @BugMateo12 күн бұрын

    Howie is great because he never really says anything... a bunch of general half-truths. Thanks for nothing!

  • @feouellette

    @feouellette

    11 күн бұрын

    He is smart enough to know that forecasting what will happen is impossible.