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A hit shares of property manager and other companies on Monday caught in Nvidia’s route shows “the irrationality of the market,” says a billionaire investor investor Duga Howard Marks.
The co -founder of the OAKTREE investment company, which has $ 205 billion in property management, said on Tuesday that it was unusual Ai-Veded Sleep The previous day, caused by the progress of Chinese Deepseek, also hit a wide group of other companies, including the Brookfield Asset Management, which has a majority share in Oaktree and competitors such as Apollo Global, Kkr and Blackstone.
“If it was only objective, clinical, reckless investors watching Nvidia There would be no reason why yesterday’s news should break all these other things, “he said Marakovi At the Global ALTS 2025 conference in Miami. “It just shows the widening of psychology and the irrationality of the market in the short term.”
On Monday, the market of the market, which, from the market value of Nvidia, overthrew nearly $ 600 billion and sent shares of some of the largest property managers on Wall Street, encouraged a sense of discomfort at the beginning of the annual Global Alts Conference, which composes many Hedge Fund of heavy weights. Many have been largely betting on chips that run AI Revolutiontilting their portfolio in recent months according to high -growth stocks.
“That happens in the bubble,” Marks said. “Basically everything turns to optimism and tolerance of greed and risk, but basically we should be afraid to lose money, our own and our clients. But the bubbles go where they go because [fear of missing out] takes over the fear of losing money. “
Many Behemoti assets management industries have largely taken refuge in the needs of the growing AI complex, investing in real estate in the accommodation of computers and servers, utility services that are powered by these data farms and providing loans by AI companies and chips.
Marks -that perspective is carefully observed on the Wall Street, primarily through his sporadic memoranduti about clients, who have received a wide monitoring. His puppet in January 2000. Called “Bubble.com” threw him into the center of attention. In it, he said that there is a “irresistible” case for “overheated, speculative market in technology, internet and telecommunications supplies.”
Mark’s comments on Tuesday followed the speech of the Lobiran Association manager for managing the HEDGE Funds Funds Association of Managed Funds, which hit the optimistic tone of Donald Trump’s new administration and broke against the former President of the Securities and Exchange of Gary Gensler, who proposed the rules of the rules increase the regulation of private capital and hedge funds.
But Marks told the participants that under Trump was far smaller safety and many policies that the new administration pushed were “in conflict with each other.”
“I don’t know if I can predict the board members what they will do for a year. I certainly know I can’t,” he said. “I don’t think you could announce a common thread that goes through these activities except not the will to establish.”
