The Memo by Howard Marks cover image

The Rewind: You Can’t Predict. You Can Prepare.

The Memo by Howard Marks

00:00

Capital Markets - The Future Is Here

The credit cycle contributed tremendously to the teck bubble. Money from venture capital funds cased far too many companies be created, often with little in terms of business justification or profit prospects. Wild demand for ip os caused their hot stocks to rise meteorically,. enabling venture funds to report triple digit returns and attract still more capital. Once again, easy money has led to capital destruction. Much of the investment that went into it may never be recovered.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app