Oaktree's Howard Marks on Markets, Fed Rates, Inflation

Howard Marks discusses his insights on economic changes over the past decades, focusing on the transition from a low return to a full return world. He highlights the impact of low interest rates, quantitative easing, and inflation on the economy and markets. Marks emphasizes the importance of understanding risk and return in investment strategies, noting the shift from easy economic conditions to a more challenging environment. He also reflects on historical economic trends and their implications for future investment opportunities.

What historical context does Howard Marks provide regarding inflation and its effects on the economy?

In what ways does Howard Marks believe the investment landscape will change for new investors?

What does Howard Marks suggest about the default rates in the current economic environment compared to the past?

What strategies does Howard Marks recommend for identifying investment opportunities in the current market?