SAM ZELL

Sam Zell opines (with Jack Welch)
A few takeaways from today's interview on CNBC:
On business- It doesn't make sense for a debate to exist about what you will do with your asset. If you don't understand something find out where the information comes from, and stay agile to be able to adjust.
On the economy- The worries over the economy are unfounded and 2008 will be a "reasonable" year. Housing starts have already bottomed out and the recovery will start this spring.
On the markets- There are all kinds of market opportunities in this environment.
On the election- "I've been working on my wife for the last 12 years, and I'm making some progress...logic can overcome liberalism."