10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Wilbur Ross discusses Fiscal Cliff, Investment Strategies

December 29, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Well-known billionaire investor Wilbur Ross was on Bloomberg to share his views on the fiscal cliff, how it will play out and where he is finding investment opportunities.

SUMMARY:

-- The fiscal cliff will not be resolved before Dec. 31. At most, there is higher probability that they will get to some short-term measure, which will push the discussions into the next year.

-- His big investment ideas for next year: marine transportation, which will bottom out, and the shipping industry which will become a very interesting play.

-- He also sees shale gas as an opportunity to play out very well in 2013

Credit and Source: Bloomberg

Here is the video:



About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 2.5/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK