Marks

"At Oaktree, one of our mottos is 'we don't look for our investments; they find us.' We try to sit on our hands.  We don't go out with a 'buy list';rather, we wait for the phone to ring.  If we call the owner and say, 'You own X and we want to buy it,'  the price will go up.  But if the owner cal

"It's hard to consistently do the right thing as an investor. But it's impossible to consistently do the right thing at the right time.