Real estate titan Sam Zell is next up at the Ira Sohn Conference.
His message is no particular stock pick, but rather the dramatic change coming to the US with the election of Barack Obama and what Zell calls “one party leadership” in Washington.
“Who’ll survive” in this new world? he asks the audience.
Before anyone can answer, Zell cuts to a video of the New Year’s greeting he sent friends this year, an animation of the Dodo Bird, with references to Charles Darwin, accompanied by down-home folk fiddling.
“I guess the message is, he who adapts, succeeds. He who doesn’t may not be here next year.”
And that’s it! I’ll try and get a copy of those song lyrics for anyone who wants to parse them later…
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