| Howard Marks is a betting man, and he’s got a wager for you. Predict a price for a barrel of oil a year from now, and the legendary distressed-debt investor will bet you $100 the actual price in a year is outside your range, give or take $5.
“I’ll do that bet all over the place, especially if people take all different prices,” Marks, co-founder of Oaktree Capital Group LLC, said in a television interview Tuesday on “Bloomberg ” with David Westin and Stephanie Ruhle. “Knowing the price of oil in six months is incredibly valuable -- and completely impossible.”..............................................Full Article: Source
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