Oaktree Capital Management
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Howard Marks, co-chair of Oaktree Capital Management, told Bloomberg TV that recent AI-related market stumbles have somewhat burst the sector's aura of infallibility, boosting skepticism.
Oaktree co-founder Howard Marks said optimism has dominated markets since late 2022, pushing investors to overlook bad news and making caution more important. He said AI enthusiasm is undeniable, but uncertainty over profitability, valuations, and job impact makes it impossible to judge whether the exuberance is irrational.
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