Billionaire Investor Sam Zell: Stock Market Totally Disconnected From Reality

CNBC, Released on 2/9/21

Billionaire real estate investor Sam Zell told “Squawk Box” on Tuesday that the markets are disconnected from reality and actual valuations of companies.

Part 1 (part 2 below)

Billionaire real estate investor Sam Zell joined “Squawk Box” on Tuesday to discuss the recent boom in companies going public through SPAC deals.

Part 2

Sam Zell is an American businessman. He is chairman of Equity Group Investments (EGI), a private investment firm he founded in the 1960s. The firm’s equity interests are often in asset-intensive industries such as real estate, energy, logistics, transportation, media, and health care. EGI’s holdings also include fixed-income investments in public and private companies. The firm’s specialty has always been opportunistic, often contrarian, long-term investing and active ownership.

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