3 ms·
Summary of the new Howard Marks letter: "equities are priced high but not extremely high" + PE is terrifying. “I tell my students real estate has ten-year cycl
by yarapavan 8y ago
Summary of the new Howard Marks letter: "equities are priced high but not extremely high" + PE is terrifying.
“I tell my students real estate has ten-year cycles, but luckily bankers have five-year memories.”
“Too much money chasing too few deals.”
https://t.co/Q8zHCvX5oQ https://t.co/Q8zHCvX5oQ