Howard Marks was failing miserably. It was 1977, and the research group he oversaw at Citibank had recommended Nifty 50 stocks that lost 90 percent of their value over the previous decade.
Employers in the U.S. boosted payrolls in April by the most in five months as the jobless rate declined, data this week may show.
Howard Marks, whose Oaktree Capital Group LLC has declined 3.1 percent after raising less than sought in an initial share sale last month, said going public was a humbling experience.
"The last time I wore this outfit was in 1969 to the Quadrille Ball."
- Howard Marks on May 06, 2014