"Everyone at Oaktree has opinions on the macro. And when we see extremes in markets and, especially, capital market behavior, we’re apt to take strong action. But we’re highly aware of what we don’t know, and when conditions are moderate or indistinct, we don’t bet heavily." (Howard Marks - Oaktree Capital)
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"It ain't what you don't know that gets you into trouble. It's what you know for certain that just ain't true." (Mark Twain)
Observing the market 