Billionaire investor Howard Marks is famous for many things, but here’s a fact that may surprise even his most devoted followers.
Over his 50-year, ultra-successful career in money management, he made only five calls.
These were monumental predictions, like anticipating the burst of the dot-com bubble, the U.S. housing market crash—as well as calling the Covid rally.
As Marks revealed in Oaktree’s latest memo, he employs a particular and defined strategy for his calls. Here are five market cues Marks leveraged when he made them.
This post appeared at ValueWalk.com.