The Memo by Howard Marks cover image

The Rewind: Global Financial Crisis

The Memo by Howard Marks

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The Housing Crisis - What Is the Best Time to Invest?

One of the things from this period in time that, again, maybe just sign that things were starting to reverse, starting to deteriorate. A very distinct memory I have is one individual coming in who was trying to get us to invest in some of these instruments. The markets were still queuing to their historical standards and it reverted back to the mean. So I think it just gives credence to what Howard said, which was he was preaching caution at a time that others weren't.

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