Howard Marks · Wharton School · 21 April 2026
“these great buyout firms bought a company for $4,000,000,000 and now we are we can buy the senior most debt at a yield of, I don't know, let's say 15 or 20%, such that if the company ends up being re worth $1,000,000,000 we won't lose any money.”
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.