Billionaire investor Leon Cooperman praised tech stocks, criticized Trump, and disclosed his first gold bet in a new interview. Here are the best 12 quotes.

Jeff Zelevansky/Reuters

Leon Cooperman sounded the alarm on the ballooning national deficit and downplayed the medium-term prospects for US stocks in a RealVision interview released this week.The billionaire manager of Omega Advisors also commended”big tech” stocks, also called out Tesla CEO Elon Musk, criticized both Republicans and Democrats, also disclosed that he recently bought gold for its very first time.Scroll down to Cooperman’s 12 best quotes from the interview. Visit Business Insider’s homepage for additional stories.

Billionaire investor Leon Cooperman handled a variety of topics including the outlook for shares, Tesla CEO Elon Musk’s conduct, along with President Trump’s operation in office in a RealVision interview filmed September 25 and released this week.

The Omega Advisors chief also revealed that he recently made his first investment in goldbecoming the latest big-name investor to wager on the metal.

Here would be Cooperman’s 12 best quotes in the dialogue:

1. “We were just starting to knock on the door of euphoria before the virus hit. In some respects, we’re knocking on the door of euphoria again now” — on the present condition of the stock exchange.

2. “I have a very conservative view about the market presently, because I’m worried about who pays for the party when the party is over” — on the outlook for shares and the price of massive government stimulus.

Read More: A fund manager who’s beaten 99% of her peers within the past 5 years told me she stays bullish on growth stocks regardless of the current sell-off — also recorded her 3 favorite stocks for continued gains in the decade to come

3. “We’re pulling it off, because interest rates are zero, but interest rates aren’t going to be zero forever. If they are, they’re going to destroy the whole capital market line, they begin to destroy capitalism. It just doesn’t make sense to me” — on the sustainability of these rising national debt.

4. “Those stocks, to a degree, are better than gold. They are selling at very rich valuations, but if you look at interest rates, they’re not expensive” — on the allure of”big tech” stocks like Amazon, Alphabet, Facebook, and Microsoft, all of which Cooperman holds.

5. “I don’t pay any attention to that market, it’ll end in tears, et cetera. Stay away from it” — on the”ludicrous” Robinhood marketplace that has witnessed day dealers pile into suspicious stocks like Hertz and Kodak.

6. “I’m not involved in Tesla, because I’m like a corporate type of guy, and Elon [Musk]’s behavior, the guy’s obviously a genius, but his behavior is such that I’m not comfortable, with his tweeting and this and that, and the market cap of company is just way beyond anything.”

Read More: BANK OF AMERICA: Buy these 29 high-quality value stocks primed to Profit on the economic recovery

7. “The market will probably peak within 24 hours of [finding a] solution to the virus, and I’m optimistic that we will find a vaccine, we will cure the virus.”

8. “I expect the market to provide very little in the way of returns over the next few years. I think that the economy will slowly recover, interest rates will slowly rise and price-earnings ratios will decline.”

9. “I bought gold for the first time in my life a week ago. I understand the case for gold. We’re on the way to some banana republic situation. Nobody’s worrying about the debt that’s being created.”

10. “Trump is worse than I feared. However, what I fear more is socialism.”

11. “That’s the American dream, and these left wingers are pissing all over that dream” — on the creation of Home Depota $300 billion company, by a pair of men who raised the money to start their first store from 40 or 50 households, and moved on to provide”untold millions to society.”

12. “I’m disappointed with both political parties. I’m surprised that more Republicans have not spoken out against Trump’s antics, and I’m disappointed that more Democrats have not spoken out about the violence that’s occurring in a lot of these democratic states.”

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