Sam Zell

Tyler Durden's picture

Billionaire Blackstone CEO Trolls American Public – Doesn't Get Why People Are Angry





"I find the whole thing astonishing and what’s remarkable is the amount of anger whether it’s on the Republican side or the Democratic side..."

 
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3 Things: Tick-Tocks, Stocks, & Shocks





Please meet the “worst economic forecasters” ever. And while the mainstream media quickly laps up the optimistic outlook of the Fed, you might want to consider their own record of forecasts when making long-term investment bets. Based on statistical history combined with the current underpinnings in the market, the outlook really isn’t as bright as Ms. Yellen suggests.

 
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Billionaire Sam Zell Warns The Fed Is Too Late, "Recession Likely In Next 12 Months"





“I think this interest rate hike is too late. This economy is closer to falling over than it is to going up. I think there’s a high probability that we’re looking at a recession in the next twelve months."

 
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Dan Loeb Now A Bear? "We Have More Single Short Names Than Long Positions In Our Book Today"





"... we have more single short names than long positions in our book today. We have reduced our net exposure by nearly a third through sales and new shorts over the past few months."

 
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Peak Housing 2.0: Sam Zell Dumps 23,000 Apartments In 2007 Deja Vu





Why is the deal particularly notable? Because Zell has traditionally had a very keen nose about such things as "market peaks": the 74 years old is credited with calling the top of the real-estate market in 2007, when he sold another of his companies, Equity Office Properties Trust, to Blackstone for $23 billion. Soon after, the commercial-property market crashed as prices fell and debt defaults surged when it became apparent that subprime was not contained.

 
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We Should All Strive to Be "Grave Dancers"





A classic tale of buying ridiculously low and creating massive value in the process

 
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Colombia: Sam Zell May be Onto Something





"Colombia is the next star of Latin America" - Sam Zell

 
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Another Oligarch Preaches To The Peasants: Charlie Munger Says "Prepare For Harder World"





“If you’re unhappy with what you’ve had over the last 50 years, you have an unfortunate misappraisal of life...  should all be prepared for adjusting to a world that is harder..."

 
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Hedge Fund Manager Fears "Sudden, Pervasive Loss Of Faith" In Markets; Says "It's A Truly Scary Time"





First it was Sam Zell, warning "it's very likely that something has to give here." Then George Soros upped his market hedge drastically, followed by Carl Icahn's "worry about excessive money printing," adding that he was "very nervous" about US equity markets. "Financial markets are euphoric," warned Stan Druckenmiller, warning that "market participants are pricing in hardly any risks," and Crispin Odey explained "there are consequences to CB actions," stating that "we have front-row seats to an imminent market shock." And now hedge fund manager Andy Redleaf (who predicted "there is going to be a panic in credit markets," in 2007) has come out with the most ominous of warnings yet among the billionaire crowd... "I think it is a truly scary time."

 
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A Billionaire Lectures Serfs In Davos: "America's Lifestyle Expectations Are Far Too High"





Billionaire Jeff Greene - who flew his wife, children and two nannies on a private jet plane to Davos for the week - has some words of wisdom for the average American: "America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence. We need to reinvent our whole system of life."

 
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2014 Year In Review (Part 2): Will 2015 Be The Year It All Comes Tumbling Down?





Despite the authorities' best efforts to keep everything orderly, we know how this global Game of Geopolitical Tetris ends: "Players lose a typical game of Tetris when they can no longer keep up with the increasing speed, and the Tetriminos stack up to the top of the playing field. This is commonly referred to as topping out."

"I’m tired of being outraged!"

 
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2014 Year In Review (Part 1): The Final Throes Of A Geopolitical Game Of Tetris





Every year, David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. "I have not seen a year in which so many risks - some truly existential - piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. It feels like we’re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who’s ever stepped barefoot on a Lego knows..."

 
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Sam Zell Asks If Obama "Wants To Work With Anyone To Create Anything?"





Outspoken realist billionaire Sam Zell tells Fox's Maria Bartiromo, "the US economy is bifurcated," noting that "the very top has done very well as The Fed's QE 'saved the system'," but, he adds, the 90% that did not benefit from that "have seen wages go down and the recent election showed a lot of discomfort and a lack of trust." A hopeful money-honey asks whether the president will work with the Republicans to improve this situation, Zell lashes back, "isn't the question whether the president wants to work with anybody to create anything?"

 
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Child Poverty Jumps 2.6 Million Since 2008, While Number Of Billionaires Doubles





Two headlines came across my screen today, which taken together pretty much sum up the effects of policy decisions made by Central Bankers and politicians since the financial crisis. The financial oligarchs got bailed out, and the rich got richer due to decisions made by “leaders” around the globe. As such, the entire planet has now been transformed into a neo-feudal tinderbox.

 
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