Marks Laments ‘Not Having Great Things to Buy’ Amid Low Distress
- Oaktree was ‘licking our chops’ amid downturn last year
- Low interest rates and high prices have pushed returns lower
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Howard Marks, co-founder of Oaktree Capital Management, says making money in today’s environment is nearly impossible, particularly for “bargain hunters” that saw last year’s selloff come and go so quickly.
“In the short term, I worry about not having great things to buy,” Marks said during a MacroMinds virtual event moderated by Bloomberg’s Alix Steel.