Barton Biggs, co-founder of Traxis Partners LP, talks about his investment strategy and the likelihood the U.S. economy will fall back into recessionHe talks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart."
Biggs’s funds returned 39% in the past year, about three times of its benchmark.
Biggs puts odds for an extended period of economy decline or “double dip” at 1 in 5.
Precisely because we had a lousy decade for stocks, Biggs does not see now it is a good time to be underinvested.
Asked about where Barton Biggs find attractive, he said high quality blue-chips, oil service companies, REITs, and emerging markets, especially those of Asia. He thinks the S&P 500 companies are incredibly cheap.
Biggs also discusses the possibility that JPMorgan Chase & Co. will close its proprietary trading unit, regulation of the financial industry and U.S. economic policies.
(Source: Bloomberg)
Biggs’s funds returned 39% in the past year, about three times of its benchmark.
Biggs puts odds for an extended period of economy decline or “double dip” at 1 in 5.
Precisely because we had a lousy decade for stocks, Biggs does not see now it is a good time to be underinvested.
Asked about where Barton Biggs find attractive, he said high quality blue-chips, oil service companies, REITs, and emerging markets, especially those of Asia. He thinks the S&P 500 companies are incredibly cheap.
Biggs also discusses the possibility that JPMorgan Chase & Co. will close its proprietary trading unit, regulation of the financial industry and U.S. economic policies.
(Source: Bloomberg)
