Billionaire Investor Howard Marks Warns Against Overconfidence In AI Stocks: 'Every Bubble Starts From Widespread Conviction'
Portfolio Pulse from Benzinga Neuro
Billionaire investor Howard Marks, co-founder of Oaktree Capital Management, warned against overconfidence in AI stocks, comparing the current investment trend to the dot-com bubble of the late '90s. Despite acknowledging AI's potential, Marks highlighted the risk of market crashes and the challenge in valuing AI within investment portfolios. His cautionary stance aligns with his skepticism towards market trends, including Bitcoin and gold, favoring high-yield bonds instead.
April 25, 2024 | 5:24 am
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Howard Marks expressed skepticism about the intrinsic value of Bitcoin, suggesting high-yield bonds as a safer investment option.
Marks' skepticism towards Bitcoin, as highlighted in his caution against overconfidence in AI stocks and preference for high-yield bonds, suggests a negative short-term impact on Bitcoin's perception among investors. His track record and influence could sway investor sentiment, potentially leading to a decrease in Bitcoin's price.
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