Morgan Stanley CEO: 'Let's Be Honest, Davos Is An Echo Chamber'

Morgan Stanley CEO James Gorman said on Thursday that the World Economic Forum at Davos is an "echo chamber," telling Bloomberg "...this echo chamber we live in here in Davos where everybody's basically repeating back to each other what they've heard from the last person. Let's be honest."

Gorman echoed Tuesday comments by Semafor's Liz Hoffman, who in an article titled "Don't bet on the Davos consensus," writes that the annual meeting of the elites was "the world’s most expensive echo chamber, where nobody makes friends by being a bummer."

Continue reading at ZeroHedge.