Marks explains his logic for investing during 2008 crisis despite apocalyptic fears.
“But if I don't invest it and the world doesn't melt down, then we didn't do our job. QED, you have to move forward.”
Marks describes Oaktree's crisis investing logic: if world melts down, nothing matters; if not, they must invest.
“If the world melts down, it doesn't matter what we did today. But if it doesn't melt down and we didn't invest, then we didn't do our job.”