Oaktree's Howard Marks on Market Warning, Risks, FAANGs
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- เผยแพร่เมื่อ 31 ก.ค. 2017
- Aug.01 -- Howard Marks, co-chairman at Oaktree Capital, discusses his latest memo that urges investors to reduce risks, the value of FAANG stocks, and his current take on investor behavior. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Daybreak: Americas."
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Howard Marks isn't just a great investor, he is also a fine teacher (and writer)...He has convinced me over time that the important thing to do is to manage your risk rather than try to predict the future.
Gavin - can you recommend a book by him (or anyone else) that actually spells out what I can do to mitigate my risks? I don't know what to do. Buy more bond funds?
The best book I can think of is the one Marks wrote...The Most Important Thing. You sound confused and a little scared. It sounds to me that you need to see a good financial advisor. Asking a stranger for help on the net probably isn't the way to go. Managing your risk in the market is a right brain activity, not a left one...good luck.
Thanks, it's a catch-22, I have no idea how to pick an advisor I can trust. It's like anything else, you have to know about the subject in order to know how to pick one.
I would say the most important thing is to protect your portfolio. This is why I mix growth stocks with low beta stocks and bonds. The low beta stocks bought with a margin of safety protect the portfolio when markets turn south.
@@nivagnoswal best comment on TH-cam, no cap. Shout out to you wherever you are my friend.
Love that little leg swing at 05:56 , the man is so focused on what the subject matter and conversation not on coming of in any particular way, respect
Bravo Howard - a great reminder about investor behaviour
When Howard Marks has a gut feeling, we should all listen.
Wow, to watch this now with the S&P right back around where it was when he said this is mindblowing
No better time for hedges etc etc. what are the etc etc and what is the hedge
Who else is reminded of Phoebe's scientist-boyfriend from Minsk in FRIENDS???
I wish they would date these videos.
Martin Coyle they do. August 1, 2017. Moron.
@0:19 "time to Sound the warning IS when everyone is making alot of Money" that applied to Bitcoin - before the Crash, when even the housecleaning Service reportedly was talking about bitcoin. I do not think equities reached the same Level as bitcoin yet - i do not hear any housecleaning Service bragging about equities.. yet.
Great interview 08:00
Was this last week lol?
He might have been just a year or two early. I enjoyed the commentary. On the anniversary of this interview, I’m getting defensive with my portfolio.
Awesome
Horrible interview questions. Does he know what value investing is?
He can't answer at minute 6:30 because he doesn't want to be seen as bearish. If I read him correctly he's saying exit stocks
Not at all. He is saying it is time to have a defensive portfolio
What market is he talking about? Bonds?
every market.
Imagine when we lose grounded, wise, genuine, simple, long term focussed and the wealth of knowledge legendary investors like Buffett, Howard, Munger, Dalio.....the next gen. is absolutely clueless and are no match for this class of our past generation heroes.
I feel like the way he is talking he wants to say RUNNNNAWAYYYYY.....but he is not saying it,,,
Gold
Always strange seeing the Bronze Bull in the background, as if the symbol of Wall Street, is the same as golden calf - Idol Worshipping in the Bible: ‘Let any who have gold take it off.’ So they gave it to me, and I threw it into the fire, and out came this calf” (Ex 32:21-24)
When you see videos like this you know a recession is nowhere in sight. Give SPY atleast another year or 2.
You mean this video from a little over two years ago?
Keith Huddleston Yes, exactly. 2.5 years ago a recession was nowhere in sight.
Imagine the profits lost if you tried to time the market and listen to this guy.
A. C
Funny when guys are only talking about US markets...
Marks never talks about GOLD. His loss