Those 'out of favor' investments include retail and office real estate, as well as stocks in the entertainment and hospitality sectors, said Marks, co-founder and co-chairman of Oaktree Capital Management.
Victor J. Blue | Bloomberg | Getty Images
"You get to a point where everything is selling at a fair price relative to the very low interest rate but still at very low prospects of returns. And I think that's where we are," he said. "So where are the opportunities today? The opportunities are in the things that are out of favor." "I think we've developed a real dichotomy between the things that are obviously successful but expensive, and the things that look low-priced but are challenged in terms of business. And big money will be made by buying the latter which works in my opinion," he added.
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