Value-Stock Picks From a Bond Guru
When people refer to a "bond guru," many investors assume it's Bill Gross, the co-founder of the world's largest bond house, Pimco. Gross is certainly a heavy hitter in the bond world, but he is far from the only bond guru. While I'm predominantly an equity investor, I keep a close eye on Oaktree Capital's Howard Marks.
Marks is a genius when it comes to investing in distressed debt. But Marks' investment philosophy and how he thinks about risks and investment value are what set him apart in my book. Speaking of books, I very highly recommend Marks' book The Most Important Thing, which was released last year. I have read hundreds of investment books, and this one easily ranks in my top five, along with The Intelligent Investor by Ben Graham and Margin of Safety by Seth Klarman....451 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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