Howard Marks On Buying Undervalued Stocks

Overcoming your fears may allow you to capitalize on low valuations across the stock market

Q1 2020 hedge fund letters, conferences and more

Buying stocks at the moment presents a number of challenges for value investors. Chief among them is the risk that Covid-19 leads to a worsening in the economy’s outlook. This could cause a stock’s price to fall after you have purchased it.

However, according to Oaktree Capital chairman Howard Marks it may be a good idea to focus on the stock market’s long-term recovery potential, rather than on seeking to...