Howard Marks, the co-founder of Oaktree Capital Management and a revered investor known for predicting the dot-com crash, is cautioning that a recent string of high-profile bankruptcies and frauds are “precursors of problems ahead.”Howard Marks’ Take On Cockroaches In The Financial SystemIn a new client memo dated Nov. 6, titled “Cockroaches in the Coal Mine,” Marks argues that while these credit issues are alarming, they are not “systemic” threats that will cause a breakdown of the entire financial system. ...