The Memo by Howard Marks cover image

Coming Into Focus

The Memo by Howard Marks

00:00

Investing in the Stock Market

The fed and treasury have reassured investors that they will ride to the rescue. This in turn has enabled low rates to coerce sources of capital to provide generous levels of financing. In all these ways, a low risk free rate makes even low investment returns seem attractive. The prospective returns on everything are about the lowest they've ever been.

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