The Risky Thing in the World Is to Believe There's No Risk

I've said in the past that things fluctuate between pretty good and not so hot. In the investment world, psychology goes from flawless to hopeless. Two years ago, I think that the outlook was flawless. And now some flaws have appeared. But if we're right about the things that Armand's been talking about,. I think that people will swing further toward hopelessness. That will bring better bargains. And we're eager to have them. This podcast expresses the views of the author as of the date indicated and such views are subject to change without notice. Oaktree has no duty or obligation to update the information contained herein. It should not be assumed that past investment performance is an