2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP562: How to Cope With Market Cycles

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Taking Risk Off the Table

Oaktree took risk off the table before it was too late and prices of essentially all assets collapsed in 2008. They bought debt aggressively as they invested over half a billion dollars each week for 15 weeks straight from mid-September 2008 through the end of the year. When things get really bad, sometimes the window of opportunity and hindsight is really, really small. Even the greatest investors like Howard Marks can't reliably time every bottom.

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