Oaktree's Howard Marks on His Approach to Investing

Howard Marks discusses the current market conditions, emphasizing the high asset prices and the need for caution in investments. He highlights the importance of balancing risks and opportunities, managing client expectations, and understanding market cycles. Marks also provides insights into the bond market, expected returns, and the challenges of market timing.

How does Howard Marks view the relationship between risk and opportunity in investing?

What does Howard Marks imply about the expectations of returns for high yield bonds in the near future?

What is Howard Marks' perspective on market timing and trading?

What does Howard Marks mean by saying that the investment strategy faces two risks?