Here without further comment is Oaktree Capital's Howard Marks' highly anticipated letter to investors. In it Marks draws the parallel between now and the 1979 when BusinessWeek broke "The Death of Equities" magazine cover, stating:
"What a negative article, ostensibly the death knell for an entire market. What was the shift that it marked? Simply this: the end of a lost decade for equities and the beginning of the greatest bull market in history."
You'll have to come to the site to read from the slidedeck if you cannot see it, and/or to download the letter. Fullscreen for the easier read.
