Why gold and bitcoin are uninvestible to this Wall Street legend
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Why gold and bitcoin are uninvestible to this Wall Street legendHoward Marks has been writing investment memos for 35 years — and the one thing you’ll never read is him making the case for gold or bitcoin.“Well, you know, look, I and Oaktree consider ourselves value investors,” he said during a podcast interview with “We Study Billionaires.” Marks is co-chairman of Oaktree Capital Management, the largest investor in distressed investments worldwide.About the AuthorSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.Copyright © 2025 MarketWatch, Inc. All rights reserved.