Found via The Big Picture.
His claim to fame is investing but he also has a namesake whose initial claim to fame was marijuana smuggling. While his namesake has an updated website, he doesn’t write regular memos, the way Mark does to his investors. Though there is no fixed frequency, the update is eagerly looked forward to and widely discussed. Not only is Marks a big name in equity investing, he is even bigger in distress debt. He divides his time between Los Angeles, where his firm, Oaktree Capital, is headquartered, and New York, where he reportedly plunked $52.5 million for a 30-room duplex last year. He also funded the ascent of bond market maverick Jeffrey Gundlach, both being ex-TCW fund managers. After his bitter parting from TCW, Gundlach’s DoubleLine Capital was jump-started by capital provided by Marks. At 66, he is sprightly but far from impressed with the current bounce in the S&P 500. According to him, the biggest risk now is edgy uninformed investors who are less worried about losing money and more worried about losing opportunities.