Howard Marks - Billionaire investor with 50 years experience
“Investment success doesn’t come from what you buy, it comes from what you pay for it”
Valuations ALWAYS matter in the end.
Interview link is below -
https://www.youtube.com/watch?v=5kenPOQVelE
Good luck to all.
Here’s the transcript, which also mentions Marks’s company, Oaktree Capital (OAK), which specializes in buying distressed securities, especially bonds. (I have about 3% of my money in this stock, because it seemed like a good hedge in an aging bull market.)
https://www.fool.com/investing/2018/10/15/howard-marks-why-t…