URGENT UPDATE: Wall Street investment icon Howard Marks has made a bold statement that is shaking the financial world. In a recent memo, Marks declared that both gold and bitcoin are fundamentally uninvestible, a stance he has maintained for over 35 years in his celebrated investment writings.
This critical announcement comes as many investors are looking for safe havens amid market volatility. Marks, co-founder of Oaktree Capital Management, explained that the allure of these assets is often overstated and lacks solid investment fundamentals. His insights are especially relevant now, as financial markets grapple with uncertainty.
Marks emphasized that while gold has historically been viewed as a hedge against inflation and currency devaluation, its performance in recent years has not lived up to expectations. Similarly, he criticized bitcoin, highlighting its extreme volatility and lack of intrinsic value. “Investing in these assets is more about speculation than investment,” he asserted in his latest memo published earlier this week.
The implications of Marks’ assessment are huge for investors seeking stability in their portfolios. His warnings suggest that those who invest in gold and bitcoin may face significant risks, urging them to reconsider their strategies. As a respected figure in finance, Marks’ opinion carries weight with both institutional and retail investors alike.
In a climate where investors are increasingly anxious about inflation and potential recessions, understanding the dynamics of these assets is crucial. Marks argues that traditional investments backed by cash flows and earnings should still be the focus, rather than speculative assets that lack a clear value proposition.
As the financial landscape continues to evolve, all eyes will be on how investors react to Marks’ stark warnings. Will this lead to a significant shift in investment trends? What strategies will investors adopt in response to this critical advice?
Stay tuned as we follow this developing story and provide updates on how Marks’ views influence market movements and investor behavior in the days to come.
