Zell Say He's Not Buying Anything Because 'Not Much Is Going On'

The transcript discusses the current market inactivity due to the lockdown, highlighting the challenges in price discovery and the wide gap between seller and buyer expectations. It emphasizes the uncertainty surrounding the reopening of businesses and the misconceptions about a quick recovery. The conversation draws parallels with the Great Depression, suggesting that the pandemic will have long-lasting effects on society.

What factors contribute to the hesitation of buyers in the current market?

How do you think people's behavior will change once the lockdown is lifted?

What lessons do you think society will learn from this pandemic experience?