Bloomberg Talks
Howard Marks Talks China and Trump Presidency
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.
14:10
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Quick takeaways
- Howard Marks advocates for seeking value investments in China, highlighting opportunities in assets perceived as uninvestable despite market concerns.
- The political landscape's volatility underscores the need for investors to focus on company-specific evaluations rather than relying solely on macroeconomic predictions.
Deep dives
The Unique Context of the Presidential Race
The recent presidential race showcased a Democrat who was a late entry and a Republican facing serious legal challenges, highlighting a politically tumultuous environment. This situation underscores the unusual dynamics at play, particularly with influential figures like Elon Musk lending support to candidates. The interplay between political endorsements and public perception can create unpredictable outcomes at the polls. This election cycle serves as a reminder of how rapidly the political landscape can change and impact broader societal discussions.
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