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Investors say ‘this time it’s different’ — that worries Howard Marks

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Howard Marks, Co-Chairman, Oaktree Capital.

David A. Grogan | CNBC

Billionaire investor and Oaktree Capital Management Co-Chairman Howard Marks is worried to hear investors say “this time it’s different” or openly wonder if the historic bull market and economic success “can only get better forever.”

In a 12-page letter sent to Oaktree clients on Wednesday, Marks questioned nine financial theories he’s heard in recent meetings, including the notion that central banks…



Source cnbc.com

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