How Oaktree's Howard Marks Spots a Market Bubble
Odd Lots27 Jan 2025

How Oaktree's Howard Marks Spots a Market Bubble

The run-up in Big Tech stocks and all the hype over AI has put a bunch of investors on "bubble watch." One of those is Howard Marks, the co-founder and co-chair of Oaktree Capital Management. Howard is one of the most famous credit investors in the world, but he has experience in stock market bubbles too. Back in early 2000 — right before the Nasdaq peaked — he pointed out the frothiness in equities in a famous note titled "Bubble.com." So how does he actually spot a market bubble? How does a bubble differ from a bull run? And what is he seeing right now? We chat with Howard about all these things, including his experiences both in 2000 and during the 2008 subprime crisis.

Read More: Can Howard Marks Spot a Stock Bubble Twice?

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

See omnystudio.com/listener for privacy information.

Episoder(1185)

Nina Achadjian on What It Takes to Win in VC Right Now

Nina Achadjian on What It Takes to Win in VC Right Now

The world of startup investing has undergone massive transformations amid the AI boom, changing capital markets, and an intense degree of competition from new entrants into the space. So what does it ...

19 Des 202442min

This Stove Company Wants to Change How the World Uses Energy

This Stove Company Wants to Change How the World Uses Energy

One of the minor culture wars in America has to do with electric stoves. To some, they're more energy efficient and better for air quality. To others, electric stove requirements represent government ...

16 Des 202451min

Tim Latimer on Solving the Financing Problem for Geothermal

Tim Latimer on Solving the Financing Problem for Geothermal

Geothermal is a promising technology to provide clean, low-cost, baseload power to the electricity grid. It works by getting heat from deep in the ground, using technology that is similar to that used...

13 Des 202440min

Why You Can't Get a One-Click Mortgage Refi

Why You Can't Get a One-Click Mortgage Refi

You can do a lot of things with the click of a button nowadays. You can get insurance, open a bank account, or trade 347 different stocks all at once via an ETF. But one thing you definitely can't do ...

12 Des 202444min

How the Hedge Fund Magnetar Is Financing the AI Boom

How the Hedge Fund Magnetar Is Financing the AI Boom

AI software and the hardware that enables it have been hugely popular investments this year. But there have still been limiting factors on the sector, including a shortage of compute to power so many ...

9 Des 202449min

Ethan Kurzweil on Venture Investing in the Post-ZIRP, AI Era

Ethan Kurzweil on Venture Investing in the Post-ZIRP, AI Era

In the 2010s, we saw an incredible boom in the venture capital space, fueled in part by cheap capital as well as cheap compute. Fast forward to today, and many things look very different. We're not in...

6 Des 202446min

Nouriel Roubini's Vision for a New Safe Haven Asset

Nouriel Roubini's Vision for a New Safe Haven Asset

For years, investors have relied on the classic 60/40 portfolio of stocks and bonds. The idea behind this was simple: bonds tend to go up when stocks go down, so the two things should act as a natural...

5 Des 202445min

Goldman's Hatzius and Kostin on Markets and Macro in 2025

Goldman's Hatzius and Kostin on Markets and Macro in 2025

It's trite to say that there is a high degree of uncertainty right now, for macro forecasters and investors. It also happens to be true. The new administration is promising major policy changes in are...

2 Des 202453min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
pengepodden-2
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
livet-pa-veien-med-jan-erik-larssen
utbytte
morgenkaffen-med-finansavisen
rss-markedspuls-2
lederpodden
pengesnakk
rss-pa-konto
liberal-halvtime
rss-fa-makro
rss-investering-gjort-enkelt
boligbobla