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    Billionaire Howard Marks Explains When Is the Best Time to Start Buying?? (2020) Investment Club

    Billionaire Howard Marks Explains When Is the Best Time to Start Buying?? (2020) Investment Club


    Billionaire Howard Marks Explains When Is the Best Time to Start Buying?? (2020)

    Posted: 22 Mar 2020 04:02 PM PDT

    Why shouldn't I go all in on EXIV?

    Posted: 22 Mar 2020 08:03 PM PDT

    My take is that it usually sits somewhere close to $40 a share and is currently down in the $6's. Since it's the inverse of volatility, volatility is basically the highest it's ever been, and all ofeconomic theory demands long term growth (or the economy literally disappears, at which point none of this matters anyway), I'm seeing a ~6x return once things go back to normal. Am I missing something obvious here?

    Other than the "well the market will continue to drop" opportunity cost type of of argument against it, what are the reasons not to invest in it?

    I understand the expense ratio is high at 1.35%, which sure that sucks.

    Also there's a "daily reset cost" which is not particularly clear to me...

    submitted by /u/pr0b0ner
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