Billionaire real estate mogul Sam Zell advises savvy investors to keep the faith despite some rough sailing in the early weeks of President Donald Trump’s administration.
“I think he’s creating a lot of hope,” he recently told Fox Business Network.
“I think that the last eight years has been a period of lack of confidence by the business community in the political leadership of our country and I think the result has been failure to make commitments and failure to take risks, corporate America has more cash today and balance sheet at any time in history,” said Zell, chairman of Equity Group Investments and a member of the Forbes 400,
“How do you make commitments when you don’t know what tomorrow is going to be like?” he asked.
He said the key to Trump’s success in part will be slashing most of the burdensome regulation imposed by Barack Obama.
“The regulatory burden