Enterprising Investor Forum

Carlos Slim, Mexican telecoms tycoon and the second richest man in the world is still sitting on the sidelines but will be slowly entering the market, increasing equity investments.

Interestingly enough, he is still quite bearish and critical of recent events. He is known to step up to the plate and be greedy when others are fearful but he is still very concerned about the current turmoil and what the possible ramifications of this crisis will be.

His funds are still hording cash and are still waiting for the right moment to step up the equity allocation. As the CNBC commentator say, he is a bit of a market timer but we agree with his view that it is still to early to truly understand what the long-term impacts of the current crisis will be and what the ramifications will be – the economy remains a serious concern.

Enjoy!