Billionaire investor Howard Marks has advised against selling stocks in response to concerns about America's fiscal situation. In his latest memo, Marks acknowledged the growing fiscal burden but emphasized that the problems facing the US are not tied to markets or companies. He stated that it is a problem with US fiscal management and ultimately a potential problem with the US dollar. Marks, founder of Oaktree Capital, shared his thesis in response to a friend's question about whether to sell stocks, answering "no."
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