The United States Debt Just Passed an Auspicious Milestone. Here's What Legendary Value Investor Howard Marks Says Investors Should Do About It.

U.S. national debt has surpassed $40 trillion with interest costs hitting $1.25 trillion in 2025. Howard Marks advises against panic-driven portfolio changes, recommending instead a diversified approach with focus on companies with pricing power and geographic revenue diversification. Rather than selling stocks or moving to bonds, investors should maintain long-term investment discipline while considering exposure to companies less vulnerable to currency debasement.