Valuations might be frothy but don’t seem nutty
Non-investment grade public and private debt now offer prospective returns that are competitive with equities
Moderate use of leverage should usually provide a good-enough return
Ultra-low interest rates are unlikely to return, meaning new investment strategies are needed
Neither seeking to maximise winners nor minimise losers is necessarily enough. It’s all in the balance
Understanding prevailing investor psychology is key to long-term investment returns
Billionaire investor says higher interest rates and slower growth are about to put $1.5tn market to the test
Bit of ‘maintenance’ natural part of ageing, says investment group’s co-founder
Credit investor is latest private lender aiming to fill void left by Wall Street banks
And Howard Marks’ sea change
The investment world may be experiencing the third big shift of the past 50 years
Plus, 50 shades of green, inflows to US corporate bond funds, and the best books of 2022
Oaktree’s legendary co-founder on the business of bargain hunting, the dangers of emotion — and meeting his drug smuggler namesake
Why rely on forecasts if they’re so easily rendered inaccurate?
Portfolio shifts should not be based on short-term results as no strategy will make every quarter or year successful
Plus, inside the crypto meltdown, US stock market corrections, and Sarah Graham’s voluptuous magnolias
Oaktree Capital’s co-founder is turning aggressive after sharp market sell-off
The influence of psychology on investors’ decision-making still largely explains stock gyrations
Onshoring is on the rise as companies and countries seek greater supply security amid geopolitical tensions
Simply being invested to benefit from miracle of long-term compounding of returns is the most important thing
Risk of inflation is rising but prediction of economic outcomes remains an uncertain game
And are we selling duration, or speculation?
Billionaires share their thoughts on the apparent collapse of value-investing
Oaktree’s Howard Marks says valuation metrics unhelpful, after GMO’s Jeremy Grantham warns investors off tech stocks
Investor says even companies that can return to profit may struggle to service their liabilities
