1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Canadian Value
Canadian Value
Articles (4603) 

Oaktree's Howard Marks Weighs In on the Attractiveness of Equities Versus Bonds

May 13, 2013 | About:
Howard Marks agrees with Buffett that bonds are a terrible investment. What he is willing to say is that high-yield bonds are a lot less vulnerable to rising interest rates.

Relatively, Marks would prefer stocks to bonds — "relatively" being the key word.

Marks thinks that stocks are reasonably priced (hardly a table-pounding buy), but that bonds are selling at the lowest yields in history (making them as unattractive as they have ever been).

Marks thinks that investors are getting too accustomed to the current interest rate environment and they are starting to take actions that open them up to big problems when rates rise.

He does think that the government will keep rates low for a long time to come, so a day of reckoning for bond investors and variable rate borrowers may be a long way off.

About the author:

Canadian Value

Rating: 2.2/5 (5 votes)


Please leave your comment:

GuruFocus Mobile App

User Generated Screeners

maggers78Oil Screen
philippeTres secure2
doniemaherScreen #16 - No Debt, Divs Gro
msacaccioOld Faithful
cirrosold faithful
laburFrance EVMC
ymoscoRule # 1

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)