The Memo by Howard Marks cover image

The Rewind: Calling The Market

The Memo by Howard Marks

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Stocks Are Down So Much, Nobody Will Ever Buy Them Again

Sally Kohn: Stocks have done so poorly that companies are taking public companies private. But to say things like stocks have done so badly, nobody will ever buy them is totally illogical she says. She says the S&P appreciated 18.6% a year for 20 years, which is about almost double the historic rate of return. "It's emotion or psychology or you might say optimism and pessimism in excess"

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