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Charlottesville, VA Business News

Fasten your financial seatbelt, Thomas Barrack says; the volatility will continue

Posted by lbanner on March 20, 2008

STANFORD GRADUATE SCHOOL OF BUSINESS —Expect the volatility that has socked financial markets for the past several months to continue unabated, Thomas Barrack Jr., the founder, chairman, and chief executive office of Colony Capital, a private equity real estate company headquartered in Los Angeles, told the Principal Investment Conference at the Stanford Graduate School of Business.

“We’re in the middle of a pendulum swing, and we’re not exactly sure where it’s going,” said the keynote speaker at the February 13 conference. “It’s still unfolding. Anybody who tells you they know what’s going on, it’s inaccurate. This is going to be a very volatile 2008.” [Details With Video]

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