. >> mark spoke to "bloomberg opinion's" barry ritholtz about his legacy, his future, and the current economic climate. howard: we are at an advanced stage of the economic recovery and of the bull market. >> in mark's latest book, he discusses his outlook for the market and what he has learned by investing. howard: so i think we are in the eighth inning, but i realized a year ago an important distinction -- this isn't baseball. >> howard marks on this "bloomberg opinion: masters in business." barry: i want to start with an interesting question. i think people may not be aware of your background. you began as an equity analyst. how does one of the world's most famous bond managers began his -- begin his career as an equity analyst? howard: i think certainly at that point in time, starting off as an equity analyst was the normal course. bonds at that time were considered a backwater that nobody was interested in. they had two old european refugees in the research department of citibank. and i remember they published a biweekly bond summary. and i remember at one point, one came around w

. >> mark spoke to "bloomberg opinion's" barry ritholtz about his legacy, his future, and the currentconomic climate. howard: we are at an advanced stage of the economic recovery and of the bull market. >> in mark's latest book, he discusses his outlook for the market and what he has learned by investing. howard: so i think we are in the eighth inning, but i realized a year ago an important distinction -- this isn't baseball. >> howard marks on this "bloomberg opinion: masters in business." barry: i want to start with an interesting question. i think people may not be aware of your background. you began as an equity analyst. how does one of the world's most famous bond managers begin his career as an equity analyst? howard: i think certainly at that point in time, starting off as an equity analyst was the normal course. bonds at that time were considered a backwater that nobody was interested in. they had two old european refugees in the research department of citibank. and i remember they published a biweekly bond summary. and i remember at one point, one came around with a black box

. >> mark spoke to "bloomberg opinion's" barry ritholtz about his legacy, his future, and the currentate. howard: we are at an advanced stage of the economic recovery and of the bull market.