Showing posts with label people - O'Leary; Kevin. Show all posts
Showing posts with label people - O'Leary; Kevin. Show all posts

Jan 11, 2025

Kevin O’Leary supports tariffs on China

China's a different issue completely to Canada or any other country.  Since they came into the World Trade Organization, they have broken the rules with every country, including the U.S. 

I'm an individual who does business there.  My businesses have been absolutely screwed.  I've said it countless times.  They don't play by the rules.  There's nothing reciprocal in our relations. 

The only way to put [Xi] at risk is to say, look, if you want to mess with the largest economy you trade with, then we're going to force a lot of people that make yoga mats or electronics or whatever else it is to be unemployed in your cities, and they'll be rioting in the streets, they won't have any bread, and you will be out of power.  That is the only way it's going to work — so very selected high-impact weaponry like tariffs, but you've got to be hardcore. 

[Xi] only understands the stick.  That's all he understands.  Any weakness at all, he plays off and he has done so for years.  So I'm hoping this is the administration that fixes the problem.  I have really been hurt by China, and there are millions of other businesses in America in the same boat I'm in. 




Dec 2, 2022

Kevin O'Leary on his investment in FTX

So much due diligence had already occurred.   If you look at the cap table of who was investors in this company, it's a Who's Who of financial services.  I'm one of them.  We're all embarrassed.  We feel foolish.  But luckily, when I look at the long-term, thank goodness I make more good investments than bad ones.

~ Kevin O'Leary, "Kevin O’Leary Gets Candid on SBF, FTX Crisis," The Daniela Cambone Show, 4:00 mark, December 1, 2022



Dec 20, 2019

Kevin O'Leary: "I have never seen a better environment in America, ever" (2019)

In all the years I've been an investor in private and public companies, I have never seen a better environment in America, ever.  And it's not because of tax reform.  It's deregulation over the last three years has set free all of my small cap companies in a way I've never seen... Whatever Washington is doing, keep the policy the same.

~ Kevin O'Leary, Markets Now interview, November 24, 2019


Dec 15, 2018

Kevin O'Leary on how do deal with stock market corrections

You should always be taking a portion of your savings and investing it for the long term.  Look at your salary, try and save 10% every time you get paid.  Think of all the crap you buy you don't need.  That can be put to work in the stock market.  And over time you get 7 or 8% annualized over a long period of time. That's what it's provided for the last hundred years and my bet is it will continue to do that for the next hundred. 

Most people of this generation are not used to major corrections.  And so now we're starting to get them.  These are normal phenomenon.  It's much better if you're an investor to think long term.  Buy companies that are profitable, that have good balance sheets, that pay dividends and you can sustain yourself through these massive corrections.

~ Kevin O'Leary, "3 reasons why the stock market is plummeting - and what you should do," CNBC.com, December 6, 2018