Interestingly Marks doesn’t see many assets that are either ridiculously underpriced or overpriced. As a distressed investor he was hoping to take advantage of forced selling by European banks, but central banking in Europe has allowed banks to avoid forced selling.
He thinks the U.S. economy is on a very modest upward trend and that the Fed is doing an appropriate job of keeping it going.
Plenty of additional wisdom in the video:
He thinks the U.S. economy is on a very modest upward trend and that the Fed is doing an appropriate job of keeping it going.
Plenty of additional wisdom in the video:
