'Uninvestable' China Offers Investment Bargains, Says Oaktree's Howard Marks
- Some assets in China are available at bargain prices: Marks
- Chinese authorities are trying to calibrate right stimulus
WATCH: Howard Marks discusses his investment outlook in an interview on Bloomberg Television.
Source: BloombergThis article is for subscribers only.
Oaktree Capital Management LP is looking for bargains in China even as other investors shun the world’s second-biggest economy, according to co-chairman and co-founder Howard Marks.
“I’ve made my whole career buying assets that other people consider uninvestable and when you do that, you have a chance of getting a bargain,” Marks said in a Bloomberg Television interview. Comments about China being uninvestable are “music to my ears,” he said.