That's an interesting approach, founder-led companies. I guess the results do speak for themselves. I didn't really follow her trades but I heard she sold some Tesla in around May or June. Prices weren't that high back then. Recently when it hit 440 plus, I sold my Tesla thinking that maybe it's time to sell since Cathie Wood sold too. Maybe if she buys Tesla again, I may consider following.
Market Master 101 | Howard: Where Do We Stand in 2025?
In his recent memo to Oaktree’s clients, Howard Marks outlined his views on the current high levels of the market. He believes the market has not yet entered a phase of irrational exuberance, but still advises clients to adopt a Level 5 defense (reducing aggressive positions and increasing defensive holdings).
What do you think of his views on the valuations of the Magnificent 7 and the S&P 500? How is your own portfolio allocated right now? Since the market is at elevated levels, should we be holding some defensive assets?
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