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Wednesday, August 5, 2009
Where Sam Zell Invests
Sam Zell,Chairman of Equity Group Investments,says that Brazil is his number one country in the world for investing.It's energy and commodity self-sufficient.China isn't as transparent,but I'm just as enthusiastic about it,Mr.Zell professed,adding that they have a few companies there.As for The Tribune Company,publisher of The Chicago Tribune,The Los Angeles Times and The Orlando Sentinel,which Mr.Zell also owns,he said he thinks it will solve its problems without destroying itself.Sometime between now and the end of the year,it will emerge from bankruptcy.It's naive to think that the print business as we know it will disappear completely,Sam Zell believes.
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