Oaktree’s Marks Sees Market in Advanced Stages of Positive Cycle

The video discusses market cycles, investor behavior, and the current state of the market. It highlights the advanced stages of a positive cycle, with assets priced above intrinsic values. The speaker explains how to identify bubbles, noting that certain behaviors characterize them. Historical examples of bubbles are provided, emphasizing the irrational belief that certain assets have no price too high.

According to the speaker, what is the significance of recognizing market cycles?

What does the speaker imply about the relationship between interest rates and investor behavior?

How does the speaker describe the current market conditions?

What are the characteristics of a bubble according to the speaker?

What does the speaker mean by 'no price too high' in the context of asset bubbles?