- Howard Marks says interest rates won’t return to zero anytime soon.
- The billionaire investor warns the ballooning US federal debt may cause problems in the future.
- Marks says AI won’t replace the best investors, and the banking fiasco shone a light on bitcoin.
Interest rates aren’t going back to zero anytime soon, and the best investors won’t be usurped by artificial intelligence, Howard Marks says.
The billionaire investor and Oaktree Capital Management cofounder also rang the alarm on ballooning government debt, suggested bitcoin has its uses, and called for the Federal Reserve to intervene in the economy as little as possible. He spoke during a recent episode of the “We Study Billionaires” podcast.
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