10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

The largest discount in the last 10 years

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Howard Marks Thinks Value Investing Has Gotten Much Harder over the Course of His Career

February 24, 2014 | About:
CanadianValue

Canadian Value

134 followers

Howard Marks (Trades, Portfolio) says his luckiest day in investing came when in 1978 his employer Citibank told him to check into junk bond king Mike Milken.

Back then 90% of investment funds were not allowed to buy junk bonds. Apparently, if almost everyone can't buy something chances are that it is cheap.

Today Marks doesn't think it is easy to find opportunities like junk bonds in 1978. Today most asset classes are much more picked over.

In the video below Marks gives us his thoughts on investing and why he thinks it is hard to stay disciplined as an investor.

About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 3.0/5 (3 votes)

Comments

Please leave your comment:


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)
Free 7-day Trial
FEEDBACK