“Most things in investing are two-edged swords: if you do more of them, you’ll make more if they work but lose more if they don’t,” wrote Marks, chairman of Oaktree Capital Management LP in Los Angeles, who left his endowment post at Penn on June 30. [Bloomberg]
Howard Marks Is Not Impressed With Hedge Fund Peers
Basically no one in the industry deserves the fees they're charging, with the exception of Marks' own fund, naturally.
Steve Cohen's Apartment Basically Affordable Housing At This Point
And yet no one will make him an offer, despite slashing $36 million off the original asking price. $36 million, people! Who does he have to screw around here to at least get a dialogue going?