Crisis on Wall Street: What Business Leaders Say

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Don Marron
Investments
Billionaire but not on The Forbes 400
On what to look for in the coming months:
"My own view right now is that cash is king; liquidity is king. I would be doing a lot of research and a lot of homework and not doing anything until you see how the disposition of the assets of these troubled companies plays out.
"You have a number of situations here, notably one company in bankruptcy, where a certain set of assets have to be liquidated, and the market hasn't been tested on these. You want to see actual transactions take place in size. AIG, for example, has announced that it has to sell certain things. As a potential buyer, I would want to wait until we see these sales actually take place, and I think others would too."

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