Investor who predicted dot-com crash issues chilling three-word warning as another market storm brews

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Investor who predicted dot-com crash issues chilling three-word warning as another market storm brews

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A billionaire investor who predicted the dot-com crash 25 years ago warned that he is 'on bubble watch' as warning signs appear to have cropped up in the market. Howard Marks, one of the most respected value investors, pointed out cautionary signs in the stock market that could mean poor returns over the long term or a large decline nearer term. 'It shouldn't come as a surprise that the return on an investment is significantly a function of the price paid for it.
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