Anatomy of a bubble

Investing isn't just about numbers—it's about understanding human psychology, market cycles, and the subtle dance between risk and reward. Howard Marks, the co-founder of Oaktree Capital, has been guiding investors through this intricate terrain for over three decades. And if there's one thing we've learned from his renowned memos, it's this: there are always lessons to be learned, no matter the market conditions.

This article was originally published on February 01, 2025.