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.
-- 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:
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About the author:
Dheeraj GroverI 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