Howard Marks: Tell Me I’m Wrong

Original source: SimoleonSense.com .

Today has been very busy for me, I apologize for the slow posts – there are more to come within a couple of hours. I promise.

Click Here To Read: Marks: Tell Me I’m Wrong

Excerpted Introduction (via Oaktree capital)

This memo won’t be about the future in general, just the elements I find worrisome.  As I see it, every investor is either predominantly a worrier or predominantly a dreamer.  I’ve come clean many times: I’m a worrier.  By saying that, I absolve myself of having to describe the whole future.  I’m going to cover the negatives, starting with the immediate and ending with the systemic (some of the latter repeats themes from “What Worries Me,” August 28, 2008).  For the other side of the story, I’d suggest you consult the optimists who seem to be in charge of the markets these days.

Click Here To Read: Marks: Tell Me I’m Wrong