Howard Marks has navigated market cycles for decades, but his recent Bloomberg interview revealed even he finds today’s environment extraordinary. “This is the biggest change in the environment that I’ve seen probably in my career,” he says. The rapid shift from globalization to trade wars and tariffs has created unprecedented … Read More
Prem Watsa: Knowing When To Shift from Defense to Offense
I often reflect on my past investment predictions and decisions—what went right, what went wrong, and what I can learn going forward. As I looked back, I was reading the Fairfax Financial 2017 Letter, which included an observation Prem Watsa made in 2011: “The major risks for the economy would … Read More
Stan Druckenmiller: ‘Animal Spirits’ Are Back In Markets
In his recent interview with CNBC, Stan Druckenmiller discusses the current economic landscape, highlighting low unemployment (4%) and solid GDP growth (3%). He notes a shift from an anti-business administration to a more business-friendly one, leading to increased CEO confidence. While the economy appears strong in the short term, he … Read More