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Was Earl Shaffer the First Appalachian Trail Thru-Hiker or a Fraud?
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Was the Appalachian Trail s First Thru-Hiker Earl Shaffer a Fraud?
backpacker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from backpacker.com Daily Mail and Mail on Sunday newspapers.
The Recorder - As I See It with columnist John Huer: Injustice needs power to do its unjust deeds
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Current asset prices not irrational: Howard Marks
Many asset prices are fairly priced in terms of earnings yield vs. 10-year Treasury yield 14 HOURS AGO
Howard Marks, co-founder and co-chairman of Oaktree Capital Management
Many asset prices have skyrocketed to their highest-ever levels as interest rates remain historically low, but that does not mean their current valuations make no sense, said Oaktree Capital Management’s co-founder and co-Chairman Howard Marks. While the possibility of rising rates (and thus lower asset prices) troubles us all, I don’t think it can be said that today’s asset prices are irrational relative to rates, he said in a memo published on July 29.