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Howard Marks on China, Risk, and Interest Rates
Motley Fool Money
Is There a Sea Change?
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The available availability of returns now that I would describe as helpful or ample. They're not, I wouldn't describe them as the most generous, but at least they're usable. Right. Another example is, you know, one of the things we invest in here and are well known for is distressed debt. Well, guess what? There wasn't much distress. If you could just keep raising capital. Yes. The default rate in my first 30 years in that position, the default rate averaged around 4% a year in the last 13 years, averaged something more like two. So very little default, not much for default distressed debt funds to do. Yeah.
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