Howard Marks on China, Risk, and Interest Rates

If a key to personal happiness is low expectations, then a key to investing may be realistic expectations. Howard Marks is the co-founder and co-chairman of Oaktree Capital Management. Motley Fool Director of Small Cap Research Bill Mann caught up with Marks to discuss:
- Why higher interest rates created a “Sea Change” for investors
- China’s economic miracle, and its impact on inflation
- Lessons from the era of easy money
- What life insurance companies can teach investors about risk

To read Howard Marks' latest memo, click here: https://www.oaktreecapital.com/insights/memo/sea-change
 
Host: Bill Mann
Guest: Howard Marks
Producer: Ricky Mulvey 
Engineers: Rick Engdahl, Annie Franks