"Is it really appropriate that, given all the bad news in the world today, we should get back to the highs in only three months?"
Howard Marks says investors should look for durability and dependability to help navigate through an unprecedented negative interest rate environment.
While hedge funds have performed better than in 2018, managers still trail the market on average, and investors have pulled billions so far this year.
Howard Marks sees dangerous investing behavior brewing, and has three specific guidelines for safeguarding your portfolio.