Howard Marks: Going To Cash Under Almost All Circumstances Is Stupid! | Value Investing News

Howard Marks: Going To Cash Under Almost All Circumstances Is Stupid!

  • Interviewer: Now that Oaktree is now $120 billion, and I understand not all pools of money are the same, realistically given the size of that tanker how much time would you really need to meaningfully adjust the portfolio?
  • Howard Marks: Well first of all I appreciate your use of the word ‘adjust’ because a lot of people who are less astute than you would say how long would it take to go to cash.
  • The turns that matter… you see the market is a little bit volatile.
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