told CNBC on Monday that the long-term economic consequences of the coronavirus pandemic are coming into focus for companies in his personal investment portfolio.
"I've got enough focus now after all these months, 20% of my small private portfolio is going to fail," O'Leary said on"They're going to zero. They are in restaurants. They are in sports and entertainment. They're anything doing movie theaters, all that stuff, gyms. ... I don't want to support them anymore, and I don't think the government should either.
"Let those guys die. They have to die, because the consumer is moving into a different direction," he said. "But where the consumer is going is being empowered by the Facebooks, by the Microsofts, by all of these tech companies.O'Leary's comments came as policymakers in Washington debate another piece of coronavirus relief legislation. A Republican proposal,
Us regular people don’t have the money for this! Invest in index tracking ETFs instead!!
Good.
hedging his bets?
And guess what. Nobody gives a shit what he says. Jesus CNBC stop it with nonsense clickbait bs already. Your website already forces me to disable ad block every time.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »