BILLIONAIRE INVESTOR: Distress is a 'coming attraction'

The buildup of debt is a "coming attraction" for those who invest in distressed companies.
That is according to Howard Marks, the billionaire cofounder of Oaktree Capital Group, who was speaking on The Bloomberg Advantage podcast with Carol Massar and Cory Johnson.
Marks built his career largely on buying bonds of companies that have run into trouble. Oaktree, the company he cofounded, now manages $97 billion.
"At the present time there are very few great opportunities for distressed debt becaus