Billionaire asset manager Howard Marks, the chairman and co-founder of Oaktree Capital, was on Bloomberg TV todaytalking about what it means to "be great" when it comes to investing.

Marks, who's famous on the Street for his widely read investor letters, recently put out his "Dare to Be Great II" memo. His first "Dare to Be Great" memo came out in 2006.

More From Business Insider

• A BNP Paribas Banker, His Wife, And His Nephew Were Fatally Shot Outside Their Home
  

• Wall Street Analyst Officially Declares The End Of 'Limited Access To Email' As An Excuse For Anyone Inhabiting Earth
  

• 28 Killer Home Trading Desks From All Around The World