Howard Marks
Howard Marks.
  • Howard Marks warns against making market forecasts, and says even the best investors make mistakes.
  • The billionaire fund manager expects corporate defaults to surge, and hates debt-ceiling fights.
  • Here are Marks' 8 best quotes from a new interview.

Howard Marks has warned against trying to predict the market, cautioned that many debt-laden companies are headed for trouble, and railed against lawmakers for their brinkmanship over the debt ceiling.