Oaktree's Howard Marks: Keep Calm and Invest On

Sept. 28 -- Famed investor Howard Marks shares his insights on the value of remaining calm in troubled times at the Bloomberg Markets Most Influential Summit in New York.

[@Joe-jc5ol]

Howard Marks is who you need in this Corona crisis.

[@ClassicalFanNL]

6 year later from this video we have the all the "stay-all-home" stocks bubble burst in 2022

[@_N0_0ne]

Thank you

[@WronaJester]

Great interview.

[@Bmayo27]

15:23 - He is spot-on!!

[@r64g]

The S&P trailing TTM PE isn't 19. It's over 24 as of 9/28/16.

[@RichReads]

True. I think the forward is around 19.

[@r64g]

Forward PE is quite meaningless. The analysts tend to grossly overestimate forward earnings and this tendency gets worse at the late stages of market cycles. It's just a convenient way for them to pump up the price.

[@jzabiabol]

Funny thing is Assness et al ran the calculations to determine the average fwd P/E along his story. Their answer can be surprising to many. Sad thing is this 19 number for fwd P/E is being thrown around to assuage fears the market may be overvalued. And fact is that following fwd P/E numbers the market is as higly overvalued as using TTM P/E. P.S.: Assness calculations gauge fwd P/E along history to be in the mid 11s.

[@AkshayrajKore]

What does Howard Marks means, when he says "We are not driven by macros." Is "macro" a financial term that means something specific; Or is he referring to what macro means in general, i.e. big forces in the economy

[@GodAlone19Ali]

Macroeconomic principles more affected by the Fed and public policy

[@whatwhyandwhos68]

too funny

[@lorenzmuller3542]

Why? :)

[@lostmarxbro]

I’m out! host was cringe