Marks noted J.P. Morgan Asset Management data indicating that investors have earned 10-year returns between +2% and -2% when they bought the S&P 500 at P/E ratios in line with the current 22 multiple.

Billionaire investor Howard Marks is sounding the alarm on a potential $15 trillion stock market bubble, fueled by AI hype and the soaring Magnificent 7 stocks. In this video, we dive into Marks ...