Guy Spier, chief executive officer of Aquamarine Capital LLC, discusses the outlook for stock markets. He speaks from Zurich with Francine Lacqua on Bloomberg Television’s “On the Move.” (Source: Bloomberg)
Guy Spier says that the tremendous amount of fear is a great sign to buy, such as the flight to treasury and Switzerland charging fordeposits.
Guy says all the companies are reporting good profits that he is looking at; such as Heinkein and American Express.
The Bedford Park Opportunities Fund returned 13.5% net of all fees and expenses in the second quarter of 2021, bringing its year-to-date return to 27.6%. Q2 2021 hedge fund letters, conferences and more In the fund's second-quarter investor letter, which ValueWalk has been able to review, Jordan Zinberg, the President and CEO of Bedford Read More
Guy thinks that stocks are safer than treasuries.
Guy like the banks which now have very high net interest margins.
The Nikkei is at 25% of where it was 30 years ago. There are net nets, that are cash flow positive in Japan.