Real Estate Luminaries 2023 with Howard Marks: “Financial Markets Distress"

The Steers Center for Global Real Estate at Georgetown University’s McDonough School of Business hosted Howard Marks, co-chairman, Oaktree Capital Management, to keynote the 2023 Luminaries Series on Thursday, April 20, 2023.
Each year the Steers Center convenes globally recognized leaders in the real estate investment industry at the Real Estate Luminaries Series.
The conversation, “Financial Markets Distress - Where and When?,” was moderated by Robert Steers (B’75, P’06, P’08, P’10, P’22), executive chairman, Cohen & Steers.

[@user-kw6im1bs1l34]

Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.

[@user-yk7yf6ow8s09]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@user-bw5ws8fr9t12]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@user-yk7yf6ow8s09]

STEPHINE KOPP MEEKS is who i work with look her

[@user-bw5ws8fr9t12]

Thanks for recommending i find her and left her message online

[@-Pamela]

Just because they are great opportunities in the financial market, doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I’ll advise you to seek the help of a professional.

[@andymarion]

It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with John Desmond Heppolette, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.

[@jose-fischer]

John Desmond Heppolette, is highly qualified and knowledgeable professional who has helped me in navigating the complexities of investing, his insights and recommendations have been instrumental in growing my portfolio..

[@Barbara0015]

Great information, finding John Desmond Heppolette, was a simple process. Before we planned our phone call, I made a research of his full names online, based on his online resume he appears to be knowledgeable and well accredited..

[@rahultoggi4672]

The best way to find that balance between saving and living is by investing. Starting early is the best way of getting ahead to build wealth and smart people will always try to harness any investment opportunity not minding the risks involved.

[@joerobert1801]

I'm invested in stocks for long term growth, but now getting into scalping options. Definitely money to be made if done right, and taken all emotion out of the trading.

[@greggbartel4501]

Joe I've been diving deep into stock options, the first $100k is definitely the hardest, but I believe can easily multiply once cracked.

[@aarongeddes6231]

If you cut off all distractions and just focus on solid investment, you'd be surprised by just how much one can accomplish in 6 months!

[@debbiedavis3013]

The stock market may seem like a safe bet, but might end up declining in value depending on the whims of the market. I effectively utilize every opportunity to earn by trading crypto.

[@kellenpatton8176]

I can't wait to get back on actively day trading when the market fully recovers from this dip.

[@thisisbige7970]

How lucky are we that he shares his knowledge

[@reaganwitten2272]

And even luckier that they were willing to post it for free

[@JSeydl1788]

They are no doubt intelligent, but we never stop to think about how lucky they were to get in before the financialization of America. If they were coming out of college today odds are they wouldn't rise to a tiny tiny fraction of the wealth they currently have

[@JacobPaula]

I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.

[@DaveMccarthy896]

For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[@nuttawut76]

You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

[@AndrewSandy712]

Thank you, I looked up her name on the internet, and her information came up immediately. I drafted an email and scheduled a phone conversation. I'm hopeful that she will respond, and my aim is to end 2023 on a financially successful note.

[@JohnBrown-pj4ze]

Two I,s and an H : Integrity ,Ingenuity, and Hard Work. A Phillip Fisher quote that will always ring true!!

[@GillerHeston]

More immediately than a collapse in the stock or real estate markets, inflation directly impacts people's standard of life. It is hardly surprising that the present market attitude is so negative. If we are to live in this economy, we are in dire need of assistance. ETF and stock markets are still unpredictably volatile, just like the housing market. My portfolio has been reduced to rubble.

[@rogerwheelers4322]

There are lot of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts with ISDA Agreement. An agreement that lets investors sit at the “big boy table” and make high level trades not available to amateurs. Trying to be a high stakes trader without an ISDA is like trying to win the Indy 500 riding a llama.

[@joshbarney114]

I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 880k within 16-months from an initially stagnant Portfolio.

[@FabioOdelega876]

Inflation is around 6.5% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

[@joshbarney114]

I definitely share your sentiment. My Financial adviser ‘’Colleen Janie Towe’’ is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@FabioOdelega876]

Colleen has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

[@varunjain2250]

Howard Marks brilliant as always !!!

[@erikyang4260]

Finally I found sanity. It is now really hard to find high return on property since the prices went up 4 years ago. I used to get over double digit return of earning to price, but once you adjust for borrowing 90 percent of the cost sometimes, at low interest rate (I perfected at least 20 percent downpayment) my actually return was really high. I was almost able to double my money every 2 years on some properties. It is really hard to have patience in the current market, but listening to Howard Marks reminds me to remain patient and careful. Its like bodybuilding and discipline will win out in the end.

[@wilsonkrusk8652]

I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.

[@mateosantiago5795]

How can I contact your Asset-coach as my portfolio is dwindling?

[@janedaniel4646]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@RandalColling]

The interview is 10/10. Most of the times the guest gets too abstract and speaks in nonsensical terms. Kudos for to the interviewer to keep Mr Marks (who I like) on target. Which is Commercial Real Estate.

[@simonfes3770]

The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??

[@alexyoung3126]

Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan...

[@joesphcu8975]

I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months...

[@lawerencemiller9720]

Impressive, that sounds good but how do I reach out to your ad_visor?

[@joesphcu8975]

The adviser I'm in touch with is 'Helene Claire Johnson', he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.

[@lawerencemiller9720]

Definitely gonna check her out. I live in Swit_zerland. Any idea if it's still okay to re_ach out?

[@thegifarm]

Great inspiration

[@enriqueo8481]

Brilliant takes!

[@Marc_Masters]

Great talks from Mr Howard Marks

[@moneybags6840]

Howard Marks is the Martin Scorsese of finance.

[@LearningWithAnishSrinivas]

Great interview, thank you.

[@danieldoucet8687]

Sometimes God's Greatest Gifts are unanswered prayers. 8:58

[@elvispresley7716]

🥳

[@jakelamotta7904]

My companies usually have CCC bonds 😂. If they trade at 60c on the dollar I get excited while ppl get scared. If they have a strong balance sheet there is basically low risk and high returns

[@kibirkshtis]

I wrote a memo :)

[@jjdubz]

Take temp of the market 29:07

[@jjdubz]

16:38 Never confuse brains with a bull market

[@PrathameshMone]

Someone should have asked about gold

[@paouvous]

Love him But at least here does not give an explanation why the bump in the rates will be more permanent. In my mind it all started with the Covid one sided strike to the economy (store/restaurants collapsed but the rest like real estate did just fine or got overheated) that necessitated a blunt easing from the ECB/FED plus all the money printing from the governments to support workers that were out of job. I believe things will go back to normal "soon" (say 3 years). Normal is an economy with a reverse slope population curve that does not really need more housing or offices, on balance does not drive more and generally does not spend more (the older you get the less you spend other than healtcare). So we will go back to demand deficit and zero rates imho. Japan really is the rabbit for all western economies imho.

[@matbob7249]

Usa France and Sweden are the only developed countries that actually had kids, plus we have emergency immigration policy just in case, so we still have population growth which the debt based economy is feeding on. According to Peter Zeihan we’re all right. There won’t be residential housing crisis in couple decades with 6mil houses short and new build pace.

[@stephenl9463]

I like Howard but no getting away from the fact: Marks is Gekko, a nice guy who buys businesses when businesses (and the people owning/running those businesses) are in distress. He is a vulture capitalist. And a nice guy.

[@markfu8182]

If you hold the Nifty Fifty stock until 2023，how about the profit？

[@kristenpavic9173]

So much for holding a good stock for ever

[@thegamerboneless2864]

Or Marks could’ve righted the ship, and Leman BRO, would still be here. 🤷‍♂️ 😂

[@fp3234]

The Guy is so predictible how the Gov is going to pay their debt interest….

[@KatherineBritt-hn4dq]

Ff

[@viaggi3945]

I get the hunch the fed is in bed with these bottom fishing sharks at the expense of the saps(working people).

[@S_Edward_Burns_ArtsEditor]

Nothing to hear here.

[@SamEbby]

Wonderful. always listen to what Howard has to say.

[@simonakhaven7744]

What a sad soul. His whole life now is to acquire debt and take a company to bankruptcy in order to acquire it. Very sad soul.

[@PrathameshMone]

Absolute non sensical comment. He finds value in owning distressed companies whose senior debt holders wants to get out. This is capitalism. If you want to be altruistic do charity.