EconomyHoward Marks Flags Uncertainty in AI Investing

Oaktree Capital Management co-founder and co-chair Howard Marks says optimism has dominated markets since late 2022, encouraging investors to overlook bad news and making caution more important. He says enthusiasm for AI is undeniable, but uncertainty around profitability, valuations and its potential effect on jobs makes it impossible to decide whether the exuberance is irrational.