Billionaire investor Howard Marks explains why he’s investing with ‘more caution than usual’ — and lays out a 3-part approach for surviving for the next meltdown

• Howard Marks, the billionaire co-founder of Oaktree Capital Markets, is urging investors to adopt the same cautious approach that his firm has used for years.
• Marks doesn’t see any obvious asset bubbles, but is concerned about the reach for yield in risky corners of the credit markets, he said in an interview with the Swiss newspaper NZZ News .

Source: Billionaire investor Howard Marks explains why he’s investing with ‘more caution than usual’ — and lays out a 3-part approach for surviving for the next meltdown