Howard Marks, Investing In A Low Return World
Value investors are contrarian by nature. They want to buy when everyone else is cashing out, and sell when sentiment is driving asset prices ever higher. So when dyed-in-the-wool value investor and founder of Oaktree Capital Management Howard Marks spoke at the Morgan Stanley Financials Conference earlier today you might have expected him to warn people against being too optimistic, but you would only be half right . . .
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