My thoughts exactly. I guess this is what keeps me from getting back in this crap shoot of a market.....
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Sam Zell – Equity Group Investments
Given the readily apparent headwinds in the current investment environment—fiscal cliff, European debt crisis, slowing growth in China, etc.—Zell would expect assets to be much cheaper than they currently are. He notes that credit is cheap—but only to those that don’t need it. Assets are artificially high due to the massive amount of quantitative easing produced by the Fed. Zell gave no specific investment idea other than to consider investing in Black Swan type events. There is more uncertainty in the current market than he can ever remember and would not be surprised if unanticipated, long-tail probability events played out in the coming years.
http://www.valuewalk.com/2012/11/kyle-bass-steve-romick-steve-mandel-sam-zell-favorite-investments/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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