Billionaire Howard Marks says investors have ‘gone from the low-return world of 2009-21 to a full-return world,’ and it’s a ‘sea change’ from the last 40 years

In his 53 years in the investment world, Howard Marks—the billionaire and co-founder of Oaktree Capital Management—said he’s only seen two real transformations in investing, until now. “I’ve seen a nu...