Oaktree Chairman Marks Gives Advice To Students At His Alma Mater

In a recent interview with his alma mater Wharton School of Business, Oaktree Capital Management, LP cofounder and chairman Howard Marks explained some of the unconventional influences that impacted the way that he approaches investments today. As a Wharton student, Marks was required to study foreign literature, and decided to focus on Japan for no particular reason, but then it “really contributed to my philosophy as an investor [teaching me], among other things, that change is inevitable, you can’t hold back the process, and you have to adapt.” Success depends on what you pay: Marks This point of view was…