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Howard Marks: Coming years not similarly easy

“We’ve gone through an easy period for the last 14 years, and I believe that the coming period will be a harder period. Not a cataclysm. Not a depression. But I think people don’t recognize that the last 14 years have been unusually easy. And I believe that the coming years will not be similarly easy.” —Howard Marks (January 18, 2023)


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