That is why my book is called "This Time it is Different - Not!" ..... Aivars Lode
Howard Marks from Oaktree Capital Management LLC writes a very interesting Memo:
In good times we often see the notion "this time it's different" work its way into the marketplace as investors seek to rationalize higher asset prices and continued upward movement. Today this sentiment is expressed in contexts ranging from questioning the prospect of a recession altogether to supporting the high valuations of tech companies despite their current profitless state. In his latest memo, Howard Marks discusses the outlook for nine such theories. It would truly have to be different this time around for them to hold.
Click to Read Howard's Full Memo here
