australias biggest fund manager calls a bubble, page-42

Thanks for posting Free will.

RE: Matthew McLennan, who manages $80 billion of assets in New York for First Eagle Investment Management.

Obviously, the people who own the $80 billion in assets are also smart people and smart people usually hire smart people. So what ever McLennan says, should not be taken with a grain of salt.

Certainly, what McLennan says makes more sense than what some are saying about the current RE market.