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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Munger_Disciple   😊 😞
Number: of 16624 
Subject: Re: Howard Marks - It is 1997
Date: 08/21/2025 1:16 PM
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No. of Recommendations: 3
He and Rick Reeder make reasonable arguments wrt a likely 6-7% return in high yields without too much risk.

Only if you hold them to maturity (let's say 10 years); even then the returns could be lower than 6-7% if we have a recession in the interim period. We are at a historically low credit spreads right nown which discounts any possibility of adverse events which is also why stock market is overvalued.
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