Oaktree's Howard Marks on Markets, Crypto, Fed Policy, Distressed Investing

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  • Опубликовано: 22 дек 2024

Комментарии • 106

  • @19pend
    @19pend 3 года назад +10

    Always enjoy interviews with Howard Marks, he gives insightful answers.

  • @jayhay1237
    @jayhay1237 3 года назад +19

    Great interview. Timely, concise, and applicable. Why I'm a fan of Romaine: his intelligence and light hearted humor makes a dry subject fun to watch. Thanks to Bloomberg!

  • @justinchang9977
    @justinchang9977 3 года назад +23

    29:10 “the worst of loans are made in the best of times” beautifully articulated

  • @johnmichael784
    @johnmichael784 2 года назад +1

    Came here after reading Mastering the Market Cycle, This man is a wealth of knowledge. Thank you Mr. Marks.

  • @rdushyants
    @rdushyants 3 года назад +6

    Awesome guest, very good host that does not interrupt. 👍

  • @Alchemist30991
    @Alchemist30991 3 года назад +3

    Always a pleasure listening to Howard Marks 👌

  • @mangomaniac4194
    @mangomaniac4194 3 года назад +15

    Good interviewer. Lets Howard speak.

  • @financialm3771
    @financialm3771 3 года назад +14

    12:51 No, we haven't learned how to fight recessions. We've learned how to delay them.

    • @Dpaq13
      @Dpaq13 3 года назад

      Anti capitalist

    • @fraliv5526
      @fraliv5526 3 года назад +2

      @@Dpaq13 no I think he is right bro, and trust me Im as capitalist as it gets.

    • @barrybearman3511
      @barrybearman3511 3 года назад +1

      That is the fight. Kick the can. Slow it down.

    • @troyyerman7282
      @troyyerman7282 3 года назад +2

      Yes, because the 5,000-year-old practice of debasing currency is definitely something we've just recently learned.

    • @WanderingExistence
      @WanderingExistence 2 года назад

      @@Dpaq13 Fragile child

  • @msharno
    @msharno 3 года назад +2

    Love the interview

  • @gregmccain343
    @gregmccain343 3 года назад +1

    Howard Marks one of the best!

  • @santiagos4290
    @santiagos4290 3 года назад +1

    The volume level is too low :(((

  • @The__Harvest
    @The__Harvest 3 года назад +2

    Love this interviewer!

  • @jtiger1062
    @jtiger1062 3 года назад +3

    Excellent session..romaine great questions

  • @WealthyHealthyPro
    @WealthyHealthyPro 3 года назад +7

    ₿itcoin at 06:20
    💎 🤲 📈 ✊ 🚀
    Give Romaine Bostick his own show please.

  • @josephtuang9775
    @josephtuang9775 3 года назад +4

    Great interview

  • @jianwen5760321
    @jianwen5760321 3 года назад +5

    The “free” market is the best allocator of resources for ppl who get to speak on TV

    • @WanderingExistence
      @WanderingExistence 2 года назад

      What free market? There is no such thing in reality. They're 99% regulated markets.

  • @konreww
    @konreww 3 года назад +8

    Best Bitcoin advertisement ever

  • @russeljones1464
    @russeljones1464 3 года назад +1

    Free market, and no fed sounds like a great idea, let’s do that

  • @scottfreeman4190
    @scottfreeman4190 3 года назад +11

    I can't believe Howard Marks is recommending leverage and crypto's. Stick with your value orientation Howard; it has stood the test of time. And don't listen to your son....I'm sure you have much more wisdom.

    • @Leo_Nader
      @Leo_Nader 3 года назад +2

      The reality is, in his position where he manages tens of billions of dollars and has an obligation to deliver above average returns for his clients, searching for more risky alternatives is a frontier he has to explore. The more money you have the fewer opportunities you have to achieve higher returns, and since today large cap stocks have more attention on them and are more efficiently priced, they are no longer as attractive as they once were.

    • @schlemmermaul5224
      @schlemmermaul5224 3 года назад

      What you say as a fiduciary versus when you are not bound by restrictions are stark, just ask Rick Rule. His opinions are as un-biased as ever so don’t underestimate his comments abt crypto (only BTC IMO).

  • @lorenzmuller3542
    @lorenzmuller3542 3 года назад +6

    Bad questions.

  • @brandonnel4081
    @brandonnel4081 3 года назад +14

    Why would you ask a value investor if he thinks BTC is having further upside if there's no mathematical models or multiples to get a fair value of the thing . Isn't it called taking a wild guess or speculation? BTC has value if someone is willing to pay for it just like a painting but if BTC can't be physically used it's not a commodity and developed countries will not use it as currency Wich is a fact . So it is unique in it's computer data hashes but tulips unique in DNA structure .Why do I get the feeling history repeats itself just like the tulip Buble ?

    • @eyeofsaurona2345
      @eyeofsaurona2345 3 года назад +3

      You're trying to sound smart but failing. It is used as a currency in el Salvador and you can purchase things with it. All markets function on supply and demand... you have a capped supply and increasing demand. Gold is speculative and has value because of scarcity. Its the greatest innovation in the last 10 years and will continue for years to come. Every stock is a bubble, everything pops, rinse repeat.. until the market cap is so high that volatility decreases.

    • @brandonnel4081
      @brandonnel4081 3 года назад +10

      @@eyeofsaurona2345 Gold can be used for various things and can't go to zero. I'm not a gold investor by the way it's only a good inflation hedge but are failing to do so during these months of QE . And I said "developed countries" not El Salvador 😆

    • @tuckercomm
      @tuckercomm 3 года назад

      Gold does don’t have a rare certainty value because another star ⭐️ can explode and send more to earth 🌍 or a large amount could be found any day “Space Force” and “Space Mining “.
      .

    • @tuckercomm
      @tuckercomm 3 года назад +1

      Bitcoin has a rare certainty value more valuable than gold because only 21 million will ever be made hence “digital gold” but better. Buy Bitcoin first everything else is second

    • @brandonnel4081
      @brandonnel4081 3 года назад +7

      @@tuckercomm my signature on paper is more rare than BTC so is it also worth more than crypto?

  • @BRYDN_NATHAN
    @BRYDN_NATHAN 3 года назад

    Thank you. 16:01 ahh big whiff of pump and dump 👍

  • @glennalexon1530
    @glennalexon1530 3 года назад +1

    There is zero chance that Marks' son changed his mind about crypto being garbage. Much more likely that his investors asked him to shut up while they try to profit from the garbage.

  • @fearad10
    @fearad10 3 года назад +2

    I don't disagree that there individuals are trying to get higher returns and going to riskier assets. But there also peoples who are investing in disruptive companies and will to bet on them.

  • @tuckercomm
    @tuckercomm 3 года назад +1

    Great question about the $90 million HBCU Alt Finance initiative for Morehouse College , Spelman College and Clark Atlanta University. I was not aware of this, thank you. 👍😃🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

  • @worldpeace4298
    @worldpeace4298 3 года назад

    Wall Street Atlas!

  • @bananabrosinc.7357
    @bananabrosinc.7357 3 года назад

    MAKES IT HARD ON A VALUE INVESTOR.omg i fucking thank the lord i wasnt drinking my coffee att

  • @itstaimoor
    @itstaimoor 3 года назад

    🤴

  • @thegamerboneless2864
    @thegamerboneless2864 Год назад

    When we have a self correcting market, our species would have finally bloomed. No not war or greed, no more boarders, just one planet working to be great. Well that’s my hope 😂

  • @John-thinks
    @John-thinks 3 года назад +3

    People are forced to invest in riskier assets because "FOMO is a concern???" Really?? I think it's called inflation

  • @freddykrueger6135
    @freddykrueger6135 3 года назад +1

    100 percent sheet in euros!

  • @Quantumfuturestrader
    @Quantumfuturestrader 3 года назад

    Sort your volume

  • @amvorv2144
    @amvorv2144 3 года назад

    You know why Sir ? Because money can't buy and buying happy and happiness!

  • @omgyeaXD
    @omgyeaXD 2 года назад +1

    Floyed died of a fentanyl overdose.

  • @dawnnbaby
    @dawnnbaby 3 года назад

    From the sound of Howard, hedge funders must have lost a lot of money. He sound kinda of sour that retail investors are making the money now

    • @GubeTube19
      @GubeTube19 2 года назад

      You have no idea what you are talking about lol

  • @yvonneguerry4144
    @yvonneguerry4144 3 года назад +26

    I’m getting really frustrated trading and investing in stocks... It’s driving me mental and making me loose sleep. I think I’ll dive into crypto or forex instead.

    • @juliusnable1448
      @juliusnable1448 3 года назад

      Trading Crypto properly is a lucratively way of making ends meet. Keyword “properly”, meaning using the right risk management skill and avoid greed, the same thing can be said about forex as well.

    • @marcobernie8285
      @marcobernie8285 3 года назад

      @@juliusnable1448 Exactly, going into either forex or crypto you have to do a proper risk management analysis and also have proper education or mentoring about either markets.

    • @johncritter1095
      @johncritter1095 3 года назад +2

      @@marcobernie8285 Well said, based on my experience I can say that going into forex or crypto without a mentor or an expert guiding you will only lead to you making unnecessary losses along the line that could have been avoided.

    • @timothyducky4861
      @timothyducky4861 3 года назад

      @@johncritter1095 True, but the issue is finding the right and capable expert to undergo a mentorship program with.

    • @johncritter1095
      @johncritter1095 3 года назад +3

      @@timothyducky4861 There are so many programs out there, but I prefer a personal hands on approach. I feel that way is better and the expert services I use is Barbara Christine Tsinakis.

  • @davidfarrell1062
    @davidfarrell1062 2 года назад

    The misfortune is that everything these guys do or say is all about the movement of money from the bottom to the top. Top wins and bottom gets to pay for it all.

  • @kingsircheng4540
    @kingsircheng4540 3 года назад

    Normally? Give me a break, normal?

  • @amvorv2144
    @amvorv2144 3 года назад

    I will used and using my all money to zero balance in my Climates changed RESPONSES, COVID19 RESPONSES and UNICEF Charity's foundation in responses this week , next months and December in my last RESPONSES bcoz I used and using all my money in Trump administration in team Republicans party more than 5 years now to fights and fightings and arguing by myself alone individual to protects and protections my democracy freedom , human rights against to my gender identity and civil rights.

  • @amvorv2144
    @amvorv2144 3 года назад +1

    I RESPONSE and RESPONSES to lose and losing to ZERO balance my money in the banks into by saves and savings lives and livelihoods because I do value, values and valuebles the life's and lives and humanitarian lives FRAGILE.m bcoz I have principle , dignity and integrity because in very disciplines and RESPECTS myself to VALUEs , Good manners, Good conduct with a good social etiquettes in my humble, kind and polite.

  • @amvorv2144
    @amvorv2144 3 года назад

    Because I have a records files and history in central banks in a decade century's in 20 years in my records files and history. V

  • @hektor1501
    @hektor1501 3 года назад +2

    Lol! What a clown. You don’t need such call EXPERTS! to make money.
    His scare of Bitcoin……🤦‍♂️. People need to break from this OLD mentality.

  • @amvorv2144
    @amvorv2144 3 года назад

    That's why I was in age of 17 year's old I PROVIDES and provider's the needs and WANTS to SAVES and savings lives and livelihoods in my age of 17 year's old and this is reality in life and this based a true story in Life and you can double checked my 24/7 in my life.

  • @amvorv2144
    @amvorv2144 3 года назад

    To others countries and across abroad to fights and fightings in Trump administration in team Republicans party in other country to used and using my currencies diff money .

  • @bobbydigital215
    @bobbydigital215 3 года назад

    Protect yourself. Sell stocks & bonds. Buy cryptos & metals.

    • @fraliv5526
      @fraliv5526 3 года назад +1

      Maybe the metals, but why crypto?

    • @bobbydigital215
      @bobbydigital215 3 года назад

      Fra Liv - Great point. I think Cryptos are just an extension of the Nasdaq (not Digital Gold as advertised). I’d say at this point the most defensive portfolio is probably some combo of cash, stocks, and gold.

    • @fraliv5526
      @fraliv5526 3 года назад +1

      @@bobbydigital215 That would be a great portfolio actually, simple is best, especially if you're looking for a defensive one where specifying gold as you have done is a great choice. But can you tell me what you mean by crypto being an extension of the nasdaq? In my mind personally speaking Crypto is all about hype, and Im not some old white investor😂😂 Im a 22 year old black kid who is doing well trading for himself. Im not an experienced investor so if I disagree with anything u say just think about that

    • @bobbydigital215
      @bobbydigital215 3 года назад +1

      Leigh - correction: bonds WERE defensive. I would rather hold cash than get paid next to nothing for taking duration and/or credit risk.

  • @davisbkilgore8413
    @davisbkilgore8413 3 года назад

    Congratulations on my withdrawal... I’m so excited and proud to trade with you.
    Mrs. Shophia you’re so wonderful imagine me earning a huge amount of $7,000 with just $3,200 dollars I invested
    This is so amazing you are the best I ever meet

  • @webdeuce
    @webdeuce 3 года назад

    This dude got ROI from every asset and loved Globalization since I was in college 25 years ... now there no ROI .... your Sail Boat still asset MARKY OAK ;) :::))))))

  • @amvorv2144
    @amvorv2144 3 года назад

    Because I do value and VALUEs to saves and SAVINGS lives.

  • @amvorv2144
    @amvorv2144 3 года назад

    I just wants and wanted to live and living to stay and staying my British mother's Frontliner heroes to stay by my sides because it's more than a decades and century's I far away from my only woman and women in this world is my mother's to stay and staying with her and live and living with her in UK London bcoz it's 22 years or 23 years I live and living by my myself alone individual in here Philippines and she's stay and living in UK LONDON. .😭😭