The Memo: Bull Market Rhymes

The latest memo from previous conference keynote speaker, Howard Marks of Oaktree Capital explores recurring investment themes to contextualise the current market correction and the bull market that preceded it. Howard discusses the role played by financial innovations like SPAC’s and cryptocurrencies and why he believes psychology, not fundamentals, primarily drives investment cycles – and likely always will. Listen to the memo below, or read the PDF online here.

 

 

 

Disclaimer: This material has been prepared by The Memo Podcast, published on 26 May 2022. HM1 is not responsible for the content of linked websites or content prepared by third party. The inclusion of these links and third-party content does not in any way imply any form of endorsement by HM1 of the products or services provided by persons or organisations who are responsible for the linked websites and third-party content. This information is for general information only and does not consider the objectives, financial situation or needs of any person. Before making an investment decision, you should read the relevant disclosure document (if appropriate) and seek professional advice to determine whether the investment and information is suitable for you.