Thomas Marsico, CEO of Marsico Capital Management, spoke with Bloomberg TV reporter Jon Erlichman about his investments in Goldman Sachs, Transocean, and Apple. He sees Goldman Sachs perfect quarter as a good thing, because it means the company is following a less risky trading policy.
- 0:10 Sold Transocean as a result of deepwater explosion and oil spill, because profits are set to decline
- 1:10 Result of oil spill will be closing of east coast and west coast drilling opportunities
- 2:00 Transocean still has high quality assets and will do well in the long term
- 4:00 Goldman is not trading a big prop book, they are using the bid-ask spread, which implies a higher earning potential and less risk, explaining how they made profits every day
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