So many interviews on financial television is full of bullshit, meaningless nothingness or jargon filled inability to communicate anything useful.
Just came across this interview with Howard Marks on Bloomberg and it was amazing to hear answers that was clear and direct to the questions that were asked.
Is it a good time to get into the market? Risk is higher now because the market has been on a bull run for a long time.
Is investing like gambling? Investing relies on four factors. Information, luck, timing and skill.
What if you don’t have skill or information? In the past, mutual funds were paid over 1% in fees. However, they have shown that generally they don’t beat the market. So invest in index funds aka ETFs.
Watch the video here.