Futu News on Jan. 13, Oaktree founder Howard Marks said in an interview with Bloomberg Television on Tuesday that investors who have made a big profit from Tesla, Inc. 's shares must sell their holdings (absolutely cut back).

Bloomberg's Erik Schatzker asked Max whether individual investors should sell Tesla, Inc. 's shares after Tesla, Inc. rose 743% in 2020.

In response, Max said that Tesla, Inc. is an "extreme case", but it is time for investors who have a lot of wealth on Tesla, Inc. to consider profit-taking.

"for individual investors who are not very rich, they really should make some profit from Tesla, Inc.," Max told Schatzker. But if these investors start buying Tesla, Inc. two years ago, they will make huge profits, which may be out of proportion to their financial net worth, so they have to consider reducing their holdings. "

According to previous reports, an Amazon.Com Inc employee named Jason Debert announced financial freedom on Friday and retired at the age of 39. Because he bought the shares of Tesla, Inc. when the share price was only $7.50, and then kept buying them, he is now worth nearly $12 million. "Tesla, Inc. is just getting started," he said. We may not see a company like Tesla, Inc. in the next 50 years. "

Since March last year, there has been a marked rise in global credit and stock markets. At that time, the Federal Reserve took unprecedented measures to stabilize the economy, which greatly reduced the outstanding amount of non-performing debt and propped up companies that were in trouble before the outbreak. As a result, value-oriented investors like Oak Capital lost their new investment goals.

"just because a stock has a high price-to-earnings ratio doesn't mean it's overvalued; on the contrary, a low price-to-earnings ratio doesn't necessarily mean it's cheap," Max told Bloomberg. Investors need to be able to find value in a variety of ways. "

As he said in his latest memo: "I do not believe that at this moment, famous value investors will struggle with the boundary between value and growth style. This distinction is neither necessary, nor normal, nor useful." especially in the complex environment we live in today. "