Billionaire Sam Zell: I search for ‘irrational exuberance’ in the stock market, I’m mostly in cash
The seemingly unstoppable rally that’s pushed the stock market to record high after record high is based on emotions not fundamentals, billionaire investor Sam Zell told CNBC on Tuesday. « I think the current situation seems like irrational exuberance, » said the founder and chairman of the property specialist firm Equity Group Investments. Referring to « irrational exuberance, »…
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