Investment Guru Kenneth Fisher made some bullish remarks in Sydney on the stock markets. Excerpt:
Read the complete article at Bloomberg.com
Fisher manages $35 billion. You can check out his stock portfolio here at GuruFocus.com: http://www.gurufocus.com/holdings.php?GuruName=Kenneth+Fisher
The next decade will be as good for investors as the 1990s, said Ken Fisher, the billionaire chief executive officer of Fisher Investments Inc., dismissing notions that developed economies face below-average growth.
Fisher said the concept of a “new normal” is “idiotic,” pitting him against money managers including Mohamed El-Erian, the CEO of Pacific Investment Management Co., which coined the term to describe a world of high unemployment, more regulation, and the shrinking importance of the U.S. in the global economy.
“We are chimpanzees with no memory,” Fisher said at the Forbes Global CEO Conference in Sydney. “The next 10 years are going to be just as good as the 1990s. The problems in this current environment we think are so different, and so new and so unique. It’s the same stupid old normal we’ve always had. We’ve got a great future.”
Read the complete article at Bloomberg.com
Fisher manages $35 billion. You can check out his stock portfolio here at GuruFocus.com: http://www.gurufocus.com/holdings.php?GuruName=Kenneth+Fisher
