Charles Bobrinskoy, vice chairman of well-known value investor John Rogers's Ariel funds was on CNBC to discuss his outlook for the markets in light of no decision yet on the fiscal cliff. He thinks that markets are very cheap at these levels and should do very well once the fiscal cliff is resolved, which he thinks will get resolved. He also offered his picks for 2013.
-- It will be bad idea to do anything with your portfolio speculating on the outcome of the fiscal cliff.
-- He thinks markets are very cheap at these levels and once the fiscal cliff gets resolved the market will go up and some sectors will do really well.
-- He likes the tech sector and his top picks are Dell (DELL, Financial) and Microsoft (MSFT, Financial). He said people are overestimating the demise of Dell: There is a lot of cash, tons of non-PC business and has made some smart investments.
-- Dell is not going away. Same is the story for MSFT; its business is not going away and valuation is very cheap.
Credit and source: CNBC
Here is the video:
-- It will be bad idea to do anything with your portfolio speculating on the outcome of the fiscal cliff.
-- He thinks markets are very cheap at these levels and once the fiscal cliff gets resolved the market will go up and some sectors will do really well.
-- He likes the tech sector and his top picks are Dell (DELL, Financial) and Microsoft (MSFT, Financial). He said people are overestimating the demise of Dell: There is a lot of cash, tons of non-PC business and has made some smart investments.
-- Dell is not going away. Same is the story for MSFT; its business is not going away and valuation is very cheap.
Credit and source: CNBC
Here is the video:
