Bloomberg Talks Howard Marks Talks China and Trump Presidency
12 snips
Nov 20, 2024 
Howard Marks, co-chairman and co-founder of Oaktree Capital Management, shares his unique investment insights and contrarian strategies. He discusses seeking bargains in China's economy while others steer clear, emphasizing the potential in 'uninvestable' assets. Marks also reflects on market valuations and the importance of bottom-up investment strategies in a politically charged landscape. He touches on the impact of the Trump presidency on market sentiment and the ongoing challenges in China's economic recovery, maintaining a hopeful perspective on future opportunities.
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Calibrating Investment Strategy
- Calibrate investment behavior between aggressive and defensive based on market valuations.
- Avoid completely exiting the market, as timing it perfectly is difficult and often a mistake.
Unpredictability of Short-Term Events
- Predicting short-term market movements or global events is unreliable for investment decisions.
- Basing investment decisions on these predictions can be costly, even if the predictions are correct.
Long-Term Investing
- Focus on long-term investing in the United States.
- Start early, invest consistently, and avoid short-term market timing.