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BT EXCLUSIVE

Marks likes oil, but says markets are in 'last trimester'

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Mr Marks: Investors should worry more about losing money and less about missing opportunities; now isn't the best time for taking risks.

Singapore

RENOWNED debt investor and billionaire Howard Marks thinks financial markets are in their "last trimester", and caution is in order.

But there is still one thing Oaktree Capital Management, the firm he co-chairs, has been buying: Oil.

"There is nothing that can be

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