Oaktree's Marks Says Junk Bond Rally Can't Last

The video discusses the evolution of risk in investing, highlighting historical default rates and the impact of the 2008 financial crisis. It examines the current rally in high yield debt, questioning its sustainability and the influence of optimistic market sentiment. The discussion shifts to economic outlooks, focusing on the Federal Reserve's likely strict stance on monetary policy amid recession and inflation concerns.

What challenges does the next generation of investors face according to the speaker?

What does the speaker imply about the future of defaults and bankruptcies in the investment environment?