No. of Recommendations: 6
YouTube: Oaktree's Howard Marks on Credit Yields, Trump's Tariffs (Bloomberg Television)I found this Howard Marks interview useful.
Talks about.
1. Disruption to the world economy and how America was built over the last 80 years through globalisation and specialisation. Used the shaken snow globe analogy. This is no longer thr case (Trump)
2. Market historically over valued still, to what degree? Figuring that out makes a great investor (Buffett)
3. No visibility on earnings
4. Unintended consequences and spin offs, unknown?
5. Can't value anything, too many unknowns.
So here we are with no visibility more uncertainty than he's seen in his lifetime and an overvalued market. This surely explains Buffetts large cash position.
