Easy Money

In his latest memo, Howard Marks discusses the evolution of the sub-investment grade credit market from its beginnings in the 1970s to its present state. He focuses on the rise of direct lending following the Global Financial Crisis, identifying the reasons for its fast growth bu ... Show More

In this special episode of The Insight: Conversations, Howard Marks shares his reflections on themes from Oaktree’s recent client conference, including the evolution of the credit markets, the nature of mispricings, and the importance of leadership. 

In his latest memo – occasioned by massive changes he cites in just the 11 weeks since the last one – Howard Marks revisits the subject of AI, providing his observations on its essence and how it differs from previous technological innovations. He highlights AI’s immense power, s ... Show More

<p>We’ve been in a bull market for 10 years, with free money being the tail wind for investors. &nbsp;That era has now ended and investors are feeling the pain. &nbsp;As we come to this critical juncture, the Steady Wealth Podcast is here to discuss the realities of the market. T ... Show More

It's time once again to dust off David's old writings and pull some lessons forward into the light of today. We discuss re-recs and buying stocks that you already own, annual predictions, risk ratings, and keeping a record of your investment decisions. We look back to be smarter ... Show More

Are economists overly pessimistic about the state of the economy? BMO Senior Economist, Sal Guatieri discusses the implications of easing financial conditions on the economic and rate outlooks for the U.S. and Canada. Visit BMO.com/onlineinvesting for more information and to lear ... Show More

Edward Chancellor's just published history of interest rates could not be better timed. As the world adjusts to rising rates after decades of falling ones, Chancellor's historical and sometimes polemical account of rates kept too low for too long seems all too prescient. Chancell ... Show More

I’ve written two relatively recent articles on the economy. The first summarized Lauren Baker of ITR Economics keynote address at BPCON 22. She concluded that signs point to a potential soft landing in the economy—the aversion of disaster. Great news!  Or not.  I discussed the po ... Show More

<p>Subscribe to the weekly newsletter to receive a detailed summary <a href="https://3minbooks.substack.com/" target="_blank">https://3minbooks.substack.com/</a></p> <p>Welcome to today&#39;s episode, where we explore the compelling &quot;The Psychology of Money: Timeless lessons ... Show More

<p>Today's Post - <a href="https://bahnsen.co/3JLnpSl">https://bahnsen.co/3JLnpSl</a></p> <p>It has been an interesting week in the market, but as you will see in the first paragraph below it may seem like nothing happened whatsoever. That is more common than people think. Toda ... Show More

Market uncertainty is on everyone’s mind. Given rising interest rates, inflation, the crypto crash, and other economic trends (hello, recession?), we talk about what this current climate means in the long term for beginner and seasoned investors alike. Custom music by Davis Jone ... Show More