Howard Marks, Oaktree Capital co-chairman, discusses high asset prices and how bonds might be the first to crack.
Oaktree Capital’s Howard Marks: Bonds May Be First To Crack
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More
Oaktree Capital’s Howard Marks: I don’t understand what’s behind bitcoin
Howard Marks, Oaktree Capital co-chairman, discusses what he calls the “trading currency” bitcoin.