The Memo by Howard Marks cover image

The Insight: Conversations – Performing Credit Quarterly 1Q2023

The Memo by Howard Marks

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The Distressed Opportunity

When people feel expansive, they do things that they probably shouldn't have done. Easy money sets the stage for bad outcomes and a need for incremental equity. "I think the ingredients are there for a very large multi asset, multinational, global, distressed episode here," he says.

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