Interview with Howard Marks: Masters in Business (Audio)
Masters in Business
00:00
Taking the Temperature of the Market
The VIX is pretty much as low as it gets for any extended period of time. What does that tell us about the temperature of the market? Well, you want to know what kind of thinking is being incorporated in investment decisions. If there's no optimism as there was back in October of 2008 at the depths of financial crisis, then I don't know. We can buy risky assets aggressively because there's no possibility of disappointment. Or the assumptions that are factored into the price are as negative as possible or more.
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