“All you can do is try to be right,” says Howard Marks, chairman of the multi-billion asset manager Oaktree Capital Management. This simple phrase sums up Marks’ overarching mantra for Oaktree, one of the oldest and most successful global investment management firms with a particular expertise in credit strategies.
The statement goes to the heart of Marks’ investment philosophy. “We have a good philosophy and approach and exceptional people,” he says. “You can’t excel at everything, so you should
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