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Finding mispriced opportunities is one way investors can avoid falling into the trap of following the herd. As American investor Howard Marks once famously said: “In order to outperform, by definition, you have to depart from the crowd.” A recent example of this is China.
"Every bubble starts from widespread conviction," Howard Marks told CNBC, saying that its hard to determine the winners of the AI wave.
K. Y. Cheng/South China Morning Post/Getty Images AI is transformative, but it's hard to determine its stock winners, Howard Marks told CNBC. "Every bubble…
"Every bubble starts from widespread conviction," Howard Marks told CNBC, saying that its hard to determine the winners of the AI wave.
That means credit can provide a "very solid foundation" to an investment portfolio, the Oaktree Capital Management co-founder told CNBC.