Just like gold, Bitcoin is `only worth what people will pay for it,’ says Oaktree Capital Management co-founder Howard Marks. He discusses crypto, explains why he believes the investment environment has undergone a “sea change,” and that we won’t be returning to the world of 0% interest rates in the foreseeable future. So instead of Bitcoin or gold, investors should be in a high-yield bond fund.

Find all of Howard's memos here: 
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Bitcoin or Gold? Oaktree’s Howard Marks Sees Little Difference

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

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If aging doesn’t happen all at once, why should retirement? That’s the question Merryn Somerset Webb explores with economist and author Andrew J Scott in this week’s episode of Merryn Talks Money. They discuss the opportunities and challenges of living longer in the 21st century, and the complications it may inflict on your financial planning. 

Plus, senior reporter John Stepek joins to talk the quadruple lock and the pensions bidding war.  See omnystudio.com/listener for privacy information.

Living Longer Means Rethinking How You Work Right Now

A general election in the UK has been called for July 4. What does that mean for your money—and is there anything you can (or should) do in advance of a possible tide of new policy?

Those are the questions host Merryn Somerset Webb and senior reporter John Stepek explore with guests Helen Thomas, chief executive of macroeconomic consultancy BlondeMoney, and Tom McPhail, director of public affairs at The Lang Cat.  See omnystudio.com/listener for privacy information.

How To Protect Your Pension From a New Government

Tellworth’s John Warren tells Merryn Talks Money investors aren’t interested in a manager’s record versus an index—they just want to make money.

And it has happened again. Another new high for the FTSE 100. Merryn would love to talk about something else, but John Stepek can't.  See omnystudio.com/listener for privacy information.

The Argument Against Relative Performance

On this week’s episode of Merryn Talks Money, London Business School professor and author Alex Edmans joins to discuss his new book, May Contain Lies. Edmans explains why he believes that stories, statistics and studies exploit pre-existing biases.
Plus, John Stepek joins to discuss yet another boring Bank of England rate decision. 

Emails to merrynmoney@bloomberg.net See omnystudio.com/listener for privacy information.

Why Everyone Believes What They Want to Believe with Alex Edmans

Downing Fund Managers’ Simon Evan-Cook joins this week to talk about the case for active versus passive investing.
Cook says Jack Bogle, founder of The Vanguard Group and arguably the father of passive investing, did “more for individual wealth than anyone in history.” He deserved a knighthood for creating a low risk, reliable and comprehensive way of investing, Cook says. Nevertheless, the fund manager explains why he’s an investor in active funds, and discusses how to find the rare manager who might make you real money over the long term.  See omnystudio.com/listener for privacy information.

Bitcoin or Gold? Oaktree’s Howard Marks Sees Little Difference

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