On Bubble Watch

The Memo by Howard Marks vor 1 Jahr

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On January 2, 2000, Howard Marks published his first memo to
garner any reader response, bubble.com, calling attention to
excesses he detected in the market for tech and internet stocks.
His newest memo revisits the subject of bubbles. Howard expresses
his view that they’re more a state of mind than a quantitative
calculation and describes bubble thinking as irrational, often
underlaid by a widespread belief that ‘‘this time is different.’’
Rather than opining on whether we’re in a bubble, Howard lists
the signs he sees today and suggests how you might think about
them . . . just as he did 25 years ago.

You can read the memo here
(https://www.oaktreecapital.com/insights/memo/on-bubble-watch).