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(1186)

The Next Stage of the Credit Cycle with Oaktree’s Poli

The Next Stage of the Credit Cycle with Oaktree’s Poli

This week, the Fed cut benchmark rates by 50 basis points. Lower financing costs should be a relief for companies that need to borrow in the form of bonds or loans. But, the weird thing about the prev...

19 Sep 202447min

Pimco CIO Dan Ivascyn on the Biggest Fed Decision in Years

Pimco CIO Dan Ivascyn on the Biggest Fed Decision in Years

It’s Fed Day, and while everyone expects the central bank to cut benchmark interest rates, the key question is by how much? Will it be 25 basis points or 50? Investors are evenly split between the two...

18 Sep 202446min

How Josh Brown Created A Financial Media Empire

How Josh Brown Created A Financial Media Empire

15 years ago was a pivotal moment for financial media. On the one hand, we were in the midst of a huge financial crisis, which shook everything up and exposed how little we knew about our own world. I...

16 Sep 202449min

Security, Bookmarked: Finance (Sponsored Content)

Security, Bookmarked: Finance (Sponsored Content)

Financial institutions have been a leading target for cyber crime since the dawn of the internet. But phishing schemes have become far more intricate, and cyber heists go beyond stealing money from a ...

15 Sep 202422min

Lots More With Isabella Weber on Draghi's EU Competitiveness Report

Lots More With Isabella Weber on Draghi's EU Competitiveness Report

This week, former European Central Bank President and Italian Prime Minister Mario Draghi published a long-awaited report examining ways to make the European economy more competitive. The report comes...

13 Sep 202431min

Adam Tooze on the Big Misconceptions of the Chinese Economy

Adam Tooze on the Big Misconceptions of the Chinese Economy

One of the big buzzwords over the last year or so has been "overcapacity." There's a constant line of argument that China is unfairly flooding the world with unprofitable goods and creating huge, unsu...

12 Sep 202449min

US Trade Rep Katherine Tai Describes the New Era of Globalization

US Trade Rep Katherine Tai Describes the New Era of Globalization

One of the rare areas of bipartisan consensus in the US right now, is on the need to change our trading relationship with China. Former President Donald Trump started a process of putting tariffs on C...

9 Sep 202456min

The Booming Crypto Use Case That's Happening Right Now

The Booming Crypto Use Case That's Happening Right Now

Pretty much since the moment that cryptocurrencies came into existence, there's been a chorus of skeptics who argue that they solve no real world use cases, except for gambling and speculation. For a ...

6 Sep 202451min

Populært innen Business og økonomi

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