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 said about the future price of oil. But when it's low, and everybody thinks it's going lower, then it's reasonable to think there's not much optimism embodied in oil deals. And that's when we tend to make them," he told The Business Times.
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