Howard Marks Sounds the Alarm on Tech, Cryptocurrencies and Private Equity

July 28, 2017

Billionaire Howard Marks, who’s warned of excessive risk in the markets for the past five years, is now sounding the alarm as hazards from red-hot tech stocks to investor confidence in SoftBank’s $100 billion fund converge.

In a 22-page memo Wednesday -- longer than most of his missives to clients -- the Oaktree Capital Group LLC co-chairman said he sees several phenomena that by themselves seem reasonable but together reveal markets to be heated and risky.  Read more...

Source: Bloomberg