Michael Price Says Stocks May Climb, Repeat 1975-1982

(Bloomberg) -- Billionaire investor Michael Price said the U.S. stock market resembles 1975-1982, when the Standard & Poor’s 500 Index doubled, and he’s finding value in small banks. “We made very good returns from ‘75 to ‘82,” Price, who managed some of the best-performing mutual funds during the 1980s and 1990s and now runs New York-based MFP Investors LLC, said in an interview broadcast on Bloomberg Radio and Television. “Pick your spots, pick your stocks, do your work, and somebody’s going to be selling something too cheaply.”

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