Oaktree's Marks on Cautious Investing, Market Forecasting

The video discusses the uncertainty in global markets over the past five years, highlighting political changes like Trump's presidency and Brexit. It emphasizes the need for cautious investment strategies amid unpredictability, especially in credit markets affected by low interest rates. The role of experts and forecasts is critiqued, urging investors to be wary of relying too heavily on predictions. The discussion also covers future market concerns, focusing on unknown risks and the importance of emotional stability in investment decisions.

What does the speaker imply about the adequacy of credit spreads?

How does the speaker view the role of forecasts in investment decisions?

What does the speaker mean by 'unknown unknowns' in the context of market risks?

What lessons does the speaker draw from past market crises?