The Market Folly quote of the week this time around comes from the July 2010 commentary of Oaktree Capital's Howard Marks:
"Markets are safer when fear balances greed, and when worry about losing money balances worry about missing opportunity. We don't like it when fear rears its head and stocks drop, but certainly that creates a healthier environment in which to be a holder, and one which should offer better buying opportunities. Over the first part of this year (2010) it was easy to say prices had gotten ahead of fundamentals; all things being equal, that now seems less true."
~ Howard Marks
Previous quotes of the week have encompassed thoughts from Warren Buffett, Seth Klarman, Gordon Gekko, and Mark Cuban. Stay tuned for more nuggets of weekly wisdom.
Monday, August 2, 2010
Howard Marks (Oaktree Capital) ~ Quote of the Week
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