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October 7, 2011

CNBC: Gary Flam Quoted in “US Investors Can’t Escape Europe’s Prolonged Debt Crisis”

“US Investors Can’t Escape Europe’s Prolonged Debt Crisis,” by Jeff Cox, CNBC.

“We’re used to evaluating companies, economies, industries. Now we’re being forced to evaluate politics,” says Gary Flam, portfolio manager at Bel Air Investment Advisors in Los Angeles. “That’s a very uneasy proposition for most investors because it’s not what our background is.

“It makes it very difficult if you want to try to trade this market,” Flam says. “But investing is difficult also just because of the range of outcomes. The tail risk seems to grow, making you have to constantly re-evaluate your potential outcomes.”

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