Posted 1/19/2024, 6:26:00 PM
Billionaire investor Howard Marks sees gold, crypto as 'fun or superstitious' investments lacking analytical value
- Gold and crypto lack intrinsic value and don't provide cash flow, says billionaire investor Howard Marks
- Their price appreciation is driven by limited supply, not analytical reasons
- Gold is more "tried and true" than crypto, but neither have an analytical reason for their value
- Both are valued based on what others are willing to pay, like art or oil
- Marks sees them as fun or superstitious investments, not serious ones