Howard Marks On The Swing From Risk Aversion To Risk Tolerance

“Among the many pendulums that swing in the investments world – such as between fear and greed, and between depression and euphoria – one of the most important is the swing between risk aversion and risk tolerance.”  That’s from the latest memo by Howard Marks, Founder and Chairman of Oaktree Capital Management.  Read about this famed investor at the ValueWalk Resource Page here.   Déjà vu permeates most of this memo by Howard Marks because today’s markets bear some uncomfortably close similarities to the days that led up to the 2008 financial crisis – an event on which he issued some remarkably…