Marks deployed ten billion dollars in fifteen weeks during late 2008 crisis when nerve mattered most.
“So at Oaktree, we invested $650,000,000 a week in the last fifteen weeks of 'eight, that's about $10,000,000,000 and that's really all you had to do.”
Marks identifies it's different this time as the four worst words in the world for investors.
“If you say to them, you know, well that happened twenty and forty years ago and it ended badly, what they say is they use the four worst words in the world.”