Avoid sectors loved too much by lenders
The case was made that when a sector becomes overly popular with lenders, it leads to excessive leverage and lower prospective returns, creating risk, as exemplified by European healthcare.
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DORMANT · 2 MENTIONS · 2 SHOWS
- THE INSIGHT BY OAKTREE CAPITAL
- Avoid sectors loved too much by lenders · THIS IDEA
- THE MEMO BY HOWARD MARKS
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD