| Oaktree Capital Group LLC Chairman Howard Marks, whose distressed-debt company went public in April, said U.S. real estate including single-family homes are a smart investment because of a general aversion among investors.
“Mistakes cause great opportunities,” Marks, also co- founder of Los Angeles-based Oaktree, said in an interview today on Bloomberg Television’s “Market Makers” with Stephanie Ruhle and Scarlet Fu. “An excess aversion to an asset is a form of a mistake just as an excess desire to buy causes a bubble. Currently, there’s more of an aversion to real estate than to other areas.”..............................................Full Article: Source
|