Oaktree's Howard Marks Says Markets Aren't Going Into a Bubble

The video discusses the current state of private markets, emphasizing that while there is no bubble comparable to 2008, a significant amount of risky debt has been issued. This situation presents few investment opportunities, as the economy and capital markets are strong. The speaker highlights the difficulty in investing in distressed debt and mentions that funds are not being heavily called upon. The potential for investment in China is explored, with cautious steps being taken due to uncertainties about the rule of law. Overall, the video provides insights into market conditions and investment strategies.

What are the potential risks associated with the current state of private markets?

How does the speaker view the current economic environment in relation to distressed debt investments?

What factors contribute to the difficulty of investing in distressed debt today?

What is the speaker's perspective on investment opportunities in China?

What does the term 'baby cash' refer to in the context of the speaker's investment strategy?