Howard Marks, the co-founder of Oaktree Capital Group LLC, said British voters’ decision to leave the European Union isn’t likely to have drastic consequences for the economies of the U.K. or the European Union countries in the long-term.
“Are people going to produce less? Are people going to buy less?” Marks asked rhetorically in an interview Friday with Bloomberg Television’s Erik Schatzker. Though the referendum will have significant psychological effects, he added, “I have trouble viewing it as a financial catastrophe.”
At this year's annual Robin Hood conference, which was held virtually, the founder of the world's largest hedge fund, Ray Dalio, talked about asset bubbles and how investors could detect as well as deal with bubbles in the marketplace. Q1 2021 hedge fund letters, conferences and more Dalio believes that by studying past market cycles Read More