Rick Rule: The Market Isn't as Bad as You Think
Louis James, Casey International Speculator interviews Rick Rule in Carlsbad, California, at the Casey Research Summit on "Navigating the Politicized Economy."
"The market's not as bad as you think. What it points out to me is that a market is merely a facility for buying and selling fractional ownership in businesses, and you need to pay attention to the businesses, not the market. My hope is that this bear market lasts for another two years, and that this financing cycle lasts for another two years. We have a lot of cash to deploy, and we haven't been able to deploy that cash in this market yet on terms that resemble the terms that we enjoyed in the 1998-2002 bear market. So maybe I'm talking my book, but I'm hoping that this bad market continues for at least eighteen months."
October 24, 2012 (Source: Conversations with Casey)
