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Legendary investor Howard Marks says to snap up cheap assets now, as "waiting for the bottom is a terrible idea"
Legendary investor Howard Marks told the Financial Times that investors should start loading up on cheap stocks rather than trying to time the bottom. Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images
Investors should buy the dip in markets right now, Howard Marks told the Financial Times.
But the Oaktree Capital Management chief warned investors not to try to time the bottom.
"Everything we deal in is significantly cheaper than it was six or 12 months ago," Marks said.
Investors should load up on "bargain" stocks and bonds right now rather than waiting to exactly time the market...
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