Legendary investor Howard Marks warns against chasing the vaccine rally as opportunities to buy distressed assets are drying up

Nov 18, 2020 - Business Insider

Veteran investor Howard Marks, one of the biggest investors in distressed assets, is back to favoring caution when it comes to taking on extra risk right now. 

"When the level of optimism is high, there is usually more room for disappointment," Marks, the co-founder of Oaktree Capital Group told Bloomberg in a telephone interview on Tuesday. "The main way to achieve high returns in a low-return world is through taking increased risk. And I don't think this ...