FYI: “Finally, while my observations are uncertain and should be taken with a grain of salt, what I am sure of is that valuations and markets are elevated, and the easy money in this cycle has been made.” – Howard Marks, Oaktree Capital Memo (July 2017)
“The easy money has been made.”
If that saying sounds familiar, it’s because you’ve been hearing it over and over again since 2009…
Regards,
Ted
https://pensionpartners.com/myths-markets-and-easy-money/
