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Loews CEO Jim Tisch Considers Every Day Where He Should Allocate Capital

April 16, 2013 | About:
Canadian Value

Canadian Value

Jim Tisch of Loews (L) considers himself an "asset allocator."

He says that he comes into the office every day and considers where he is going to allocate capital. He has three main options on where that capital can go:

- Invest in Loews' existing businesses

- Buy an entirely new business

- Buy back shares of Loews

Right now he sees great opportunity in the energy business. He considers this the growth industry in the U.S. and this creates opportunity in pipelines and processing plants.

Tisch thinks that eventually the U.S. will be energy independent.

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