Decision-making on Markets in general: Thoughts from Howard Marks
- Invest as you always have and expect your historic returns.
- Invest as you always have and settle for today’s low returns.
- Reduce risk to prepare for a correction and accept still-lower returns.
- Go to cash at a near-zero return and wait for a better environment.
- Increase risk in pursuit of higher returns.
- Put more into special niches and special investment managers.