Christer Gardell has been a major player on the Swedish financial scene since the yuppie era in the 80s.
He believes that the price development of recent years has been extreme at the same time as awareness of the increasing risks is non-existent.
Now a much more difficult situation awaits, the financier predicts:
- Everyone thinks they are world champions when the stock market is in this phase, but they are not.
Now the requirements are tightening and many who trade on the stock exchange or work in the capital market have never experienced either inflation and interest rate increases, he says to Ekonomibyrån.
Heavy power
For almost 20 years, Gardell has managed the so-called activist fund Cevian Capital, which has several billion venture capital at its disposal.
In many companies where Cevian has bought in as a major shareholder, managers and boards have been replaced and entire company sections have been cut off and sold.
Today, Cevian holds heavy positions in, among others, the bank Nordea, the car safety company Autoliv and the industrial giant ABB.
Companies that, according to Christer Gardell, face a bright future.
Because even though the risks on the stock market have increased, he believes that the economy will grow stronger:
- After a crisis, everything usually looks pretty shabby, but after corona it is the opposite.
Banks are better capitalized than ever, companies are very strong and consumers have saved and are able to buy.