Oaktree’s Marks Says Trump Values Unpredictability, Be Cautious

Oaktree Capital Management LP co-founder Howard Marks said investors should expect uncertainty to endure under US President Donald Trump and relatively high valuations in global markets require a cautious stance.

“As someone who is a serial negotiator, he values unpredictability, and I think you’re going to have that for a long time,” Marks said of Trump at the Morgan Stanley Australia Summit on Thursday in Sydney via video link from Spain.