Billionaire Investor Picks Not Losing Money Over Fear of Missing Out (Bloomberg) It may be a good idea to be a bit risk-averse, Oaktree Capital Group Co-Founder Howard Marks said in a wide-ranging conversation with Michael Milken on Thursday. When investors think about how to balance risk versus return, they need to think about whether they’ll want to change their current allocations based on what’s going on in the world — and if so, whether it should be done immediately, Marks said at the Milken Institute Asia Summit in Singapore.