Avoid sectors loved too much by lenders
The bearish case was made against lending to sectors that are overly popular, as exemplified by European healthcare, because excessive favor leads to over-levering and inadequate returns.
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DORMANT · 2 MENTIONS · 2 SHOWS
- THE INSIGHT BY OAKTREE CAPITAL
- THE MEMO BY HOWARD MARKS
- Avoid sectors loved too much by lenders · THIS IDEA
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD