Howard Marks thinks the near zero returns on money market funds and Treasuries are starting to make investors take excess risk in chasing returns.
Marks also notes that currently there is very little distress in high yield bonds and other areas and that also emboldens investors to take on more risk.
He thinks that until rates are sufficient on high quality interest instruments people will chase yield on riskier investments.
In the video below Marks discusses what he thinks investors should be doing:
Marks also notes that currently there is very little distress in high yield bonds and other areas and that also emboldens investors to take on more risk.
He thinks that until rates are sufficient on high quality interest instruments people will chase yield on riskier investments.
In the video below Marks discusses what he thinks investors should be doing:
