Howard Marks has been writing investment memos for 35 years - and the one thing you'll never read is him making the case for gold or bitcoin. "Well, you know, look, I and Oaktree consider ourselves value investors," he said during a podcast interview with "We Study Billionaires." Marks is co-chairman of Oaktree Capital Management, the largest investor in distressed investments worldwide. "And what the value investor does is you look at a situation, whether it's a stock, a company, a bond, a building - whatever it might be - and you try to figure out its intrinsic value. And then you see how the price today compares ... (full story)