Reuters / Jessica Rinaldi
- Billionaire investor Jeff Gundlach, known as the “Bond King”, predicted in a RealVision interview published on Friday that the shares would break out in less than 18 months.
- The CEO of Doubleline Capital also said that the US dollar would dive in the long run, arguing that US stocks in tech stocks like Apple Pal and Amazon Has the same equity, and has questioned the valuation of Bitcoin, Kalyan and Chipotle.
- Here are the 10 best quotes from Gundlach from the discussion.
- Visit Business Insider’s homepage for more stories.
In a RealVision interview filmed on October 1 and released on Friday, billionaire “Bond King” Jeff Gundlech said stocks would break within 18 months, predicted the US dollar would appreciate in the long run, and expressed doubts about Bitcoin.
Gundlech, founder and CEO of Doubleline Capital, also called Chipotle’s valuation, criticized the welfare, and argued that now only US equities that have made sense of their ownership are the largest technology stocks.
Here are 10 best quotes from Gundlach from a condensed and lightly edited conversation for clarity:
1. “Evaluation makes absolutely zero difference when you’re in the market for a true, brutal bear. You just go for prices you can’t trust.” – Difficult on the 1994 bond market and how it prepared it for the economic crisis.
2. “I’m really longing for a dollar, even if I don’t trust it at all. It’s a good investment for the next five years.” Gundlech added that they were “very, very negative long-term US dollar losers” because of the ballooning budget deficit and the possibility of high inflation, and he sees it as a “big trade for years to come”.
“If I want him to invest in my great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great. Who cares about your great-great-great-great. Grandchildren? ”- on the need for fund managers to balance the low risk of long-term investment deadlines with investor volatility.
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“.” If you are in the U.S. If you want to own stocks, you have to own those six that you know would be bloody if you increase your reception … you just have your finger on or very close to the exit button. By, but I think it’s just a chance to make money. “- Advising people that they should own Apple Pal, Amazon and other” big tech “stocks that have outperformed the market in recent years.
“… Which is just a chipotle in my mind I just can’t understand why the stock has tripled in the last six months. It confuses me. Is the price-to-earnings ratio 150 or something? That’s a lot of support. “
“.” I think within 1 month it will start to crack very hard. When the next big meltdown happens, I think the U.S. The market will be the worst performer. “- Predicting a stock-market crash that will grow through a weaker dollar.
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“.” People wonder how people talk about modern monetary theory or universal basic income as some crazy idea. We’ve been doing that since the 1960s. What do you think is welfare? That is the universal basic income, the population for just a certain subset. He did not solve the problems exactly. In fact, in my view, it has made it worse. “
“.” I don’t believe in Bitcoin. I think that’s wrong. I think it’s very tracked, traceable. I don’t think it’s anonymous. “Gundlech later added that it was” not as strict as Bitcoin. “
“.” I like things that I can put in the trunk of my car. I like my mondrian on the wall in the same digital entry. “- on his choice for physical investments.
10. “It would be a very pleasant experience not to get in the car on the first wheel of the upcoming roller coaster.” – On his cautious approach to investing in anticipation of a crash.
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