Howard Marks Says Trump Isn’t a Competent Candidate

Donald Trump isn’t a competent choice for president, billionaire investor Howard Marks said Monday.

Going a step further than he did in a memo last week, the co-chairman of Oaktree Capital Group LLC said this year’s election presents the starkest choice in living memory.

“All the people who ran for president during my lifetime were basically competent, and while I had a preference it wouldn’t have killed me to have the other guy,” Marks said in a Bloomberg Television interview with Erik Schatzker. “This time I don’t think that both candidates are equally competent and up to the job.”

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Qualivian Investment PartnersQualivian Investment Partners commentary for the second quarter ended July 30, 2020. Q2 2020 hedge fund letters, conferences and more “Short-term investors will accept a 20% gain because they didn’t spend the time to develop the conviction and foresight to see the next 500%.” - Ian Cassell Executive Summary Readers of investment letters fall into Read More

Howard Marks Says Trump Isn’t a Competent Candidate