The Memo by Howard Marks cover image

2020 in Review

The Memo by Howard Marks

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Investing in the Pandemic - What Is the Best Option?

We have strong markets at the beginning of what may prove to be a long economic recovery. The fact that we already see full asset prices so early in the recovery is a source of risk. But on the other hand, the fact that the economy is likely to grow for several years is very encouraging. Among the positives i believe us, political uncertainty has declined somewhat truncating the extreme tails of the distribution of possible events.

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