By
Borsgade
At the Oaktree Conference 2024 (just released online, but held back in April 2024), Howard Marks highlighted a shift in the economic environment from a period of ease for business, finance, and investing to one of increased normalcy. He suggested that this transition could lead to slower economic growth, reduced profit margins, and decreased investor optimism.
Howard also noted that borrowing costs are expected to rise, making leverage less effective and financing more challenging. He cautioned against relying on past strategies that thrived during times of declining and ultra-low interest rates, as they may not be as successful in the future.
The investment environment and the starting point has a huge impact on the success of specific strategies. I believe strongly that the strategies that produce superior performance in the period of declining and ultra low low rates may not be the ones that do so in the years ahead, or certainly not to the same extent.
Share the news
The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
In this article, Michael Mauboussin argues that whenever investors value a stake in a cash-generating asset, they are essentially using a discounted cash flow (DCF) model, whether explicitly or implicitly.
In this video, Guy Spier gives a full tour of the Aquamarine office in down town Zürich. Guy walks around the office while discussing the idea and history behind the different office spaces and the library.
In this article, Aswath Damodaran delves into the complex interplay between corporate earnings reports, market expectations, and stock price movements, using Nvidia’s recent earnings announcement as a case study.
In this interview, Guy Spier covers a wide range of topics, blending practical investing advice with broader life lessons and philosophical insights. Guy emphasizes the importance of long-term thinking, personal growth, and maintaining a balanced perspective on success and happiness.
