"The important thing in the investment business is to be a contrarian and not a trend follower. You have to buy them when they hate them and sell them when they love them."-- Howard Marks, chairman of Oaktree Capital Management, commenting on the firms approach to the debt markets.
"The important thing in the investment business is to be a contrarian and not a trend follower. You have to buy them when they hate them and sell them when they love them."
