Howard Marks · David Rubenstein · 4 October 2023
“You went to the bank. They said we'll lend you 800,000,000 at 5%. Now the loan is up for renewal. You go in. They say, fine. We'll lend you 500,000,000 at 8%.”
Verbatim excerpt with a timestamp. The full recording is at the source; we link out and do not host it. Everything Howard Marks is on record saying.