All articles tagged with #howard marks
Howard Marks reflects on his 35-year career of writing influential market memos that are appreciated by Warren Buffett and other Wall Street investors, highlighting his long-standing impact on investment strategies.
Howard Marks, co-founder of Oaktree Capital Management, warns stock-market investors against "Goldilocks thinking" that assumes a perfect economic scenario with low inflation, no need for rate increases, and a soft landing, cautioning that it often leads to high expectations and potential losses. While he doesn't take a stance on the current consensus, Marks expects interest rates to remain in the 2% to 4% range over the next few years, emphasizing the need for investors to consider the potential impact on their investments.
Billionaire investor Howard Marks has warned of a wave of mortgage defaults in the commercial real estate sector, which could add stress to the US banking sector. The commercial real estate market has become investors' newest concern due to higher interest rates, tighter lending standards, and work-from-home trends. Nearly $450 billion in commercial real estate debt is due to mature in 2023, which could raise hurdles for big property owners as they seek to refinance a pile of loans. However, Marks stressed that he's not sure if banks will suffer losses on their commercial property loans, or what the magnitude will be.