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Billionaire Howard Marks Shares 5 ‘Market Cues’ That Guided His Most Successful Investments

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.

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