In a letter to investors Wednesday, the longtime investor sounded off about various claims made by the GOP nominee for president, from an under-baked viewpoint on China's impact on the U.S. economy, to an election season he says represents ringside commentary from professional wrestlers more than a coherent political process.
Marks' "Oaktree Memo" has become a widely followed staple on Wall Street. He is also known for scooping up distressed debt during the financial crisis that paid off handsomely for clients.
He repeatedly hit both candidates in his letter from straying from the facts, but said it could simply be a sign of the times.
"I believe that, over time, elections have become more like popularity contests," Marks wrote. "The successful campaign speech isn't one that does the best job of analyzing the challenges and supplying optimal solutions. It's one that most provides what people want to hear."