3min chapter

At Barron's cover image

Billionaire Investor Howard Marks on Ownership vs. Debt

At Barron's

CHAPTER

The Sea Change in Interest Rates: Analyzing Historical Trends

This chapter examines the dramatic decline in interest rates from the 1980s to 2021, using personal anecdotes to illustrate the changing landscape of borrowing. The speaker cautions against the presumption that low rates will persist, framing the recent period as an anomaly caused by crises.

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