Surveillance: Oaktree’s Howard Marks Sees Companies Still ‘Swimming Naked’
Distress is on the horizon, the Oaktree legend says, because ‘the tide hasn’t gone out’
Howard Marks gave us a sweeping overview of rates, real estate and how to approach investing.
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Warren Buffett has a famous saying that Howard Marks riffed on this way: “When the tide goes out, we find out who’s been swimming naked.”