A few takeaways from today's interview on CNBC:
On business- It doesn't make sense for a debate to exist about what you will do with your asset. If you don't understand something find out where the information comes from, and stay agile to be able to adjust.
On the economy- The worries over the economy are unfounded and 2008 will be a "reasonable" year. Housing starts have already bottomed out and the recovery will start this spring.
On the markets- There are all kinds of market opportunities in this environment.
On the election- "I've been working on my wife for the last 12 years, and I'm making some progress...logic can overcome liberalism."
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6 comments:
Zell is awesome.
David,
I'm sure you love that last quote, buddy.
And while Zell may have a good track record when it comes to market timing - EOP made him look like the Oracle - I think he's probably wrong about the economy this time. Not that it will affect him too much.
glad to see mr. jeff s make a guest appearance on the MII Blog... we've made it to the big show.
See HERE
People said Zell was wrong when he bought railcars...he turned 700 mil into 3 Bil...they call him the Grave Dancer for a reason...when he goes in, it's the bottom.
Old sam zell.
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