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Time to play defence, says Howard Marks

Septuagenarian guru says investors should worry more about losing money than not missing out

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Investors' risk tolerance is fading, after a stretch of low interest rates whetted their appetites and moved them up the risk curve, says Mr Marks.

Singapore

CELEBRITY investor Howard Marks has advised punters to be "more defensive than usual" in their picks, as the global bull run tapers off.

"We should worry more about losing money than about not missing out," the septuagenarian bargain hunter and co-chairman of Oaktree

sentifi.com

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