Howard Marks Discusses the Interest-Rates Machine
Masters in Business
00:00
What Ininning Are We in in the Bull Market?
When they say what inning are we in, they really mean when will the bull market end? How far are we in the cycle? Exactly. But about a year ago, I figured out there's a problem with saying that, which is this isn't baseball. In investing, we have no idea how many innings there will be in the game. So I think we're in the eighth inning, but this game could go nine or 11 or 13.
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