Howard Marks (W’67) & Wharton Finance Prof. Chris Geczy: Investor Series - November 2020
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 Published On Nov 20, 2020

In this 10th installment of the Howard Marks Investor Series series, Howard Marks (W'67) – Co-Chairman, @oaktreecapital Management – talks with Chris Geczy, Adjunct Full Professor of Finance. They focus on Marks' latest memo, “Coming into Focus,” regarding his economic forecast for a post-pandemic recovery. He answers pre-recorded questions from students and audience-submitted questions, following opening remarks by Wharton School Dean Erika James. (Event recorded November 18, 2020)

06:11 - Marks' latest Oaktree memo and whether "move forward but with caution" is still guiding his investment strategy
12:23 - Where Marks sees our current market cycle
18:56 - Dispersion across sectors and pursuing high return in a low yields world
23:55 - View on use of leverage today
28:40 - Forecast based on development of COVID-19 vaccine
39:04 - Advice for students on how to spend time during the pandemic
41:35 - What area of the investment world Marks would focus on for a career today
47:08 - International investing and the private debt market in Europe
51:12 - Return prospects in China and whether to avoid China or reallocate from developed markets
54:32 - Steps for macroeconomy for Federal Reserve's Board of Governors
1:00:01 - Creating greater inclusion of underrepresented groups within investment firms and in portfolio of investments

The Howard Marks Investor Series at the Wharton School brings high-profile investors to campus to share real, practical perspectives. Each event features a fireside chat style conversation between Howard Marks, W’67, and an investment community thought leader, often with a special focus on value investing. Learn more: https://whr.tn/2USiLbJ

#howardmarks #oaktree #investor #finance #markets

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