Michael Price: Real Unemployment 18%, 'Too Early to Invest in Europe'

Michael Price of MFP Investors conducted an interview with Bloomberg Television on Friday. The interview was over-shadowed by Ray Dalio’s well publicized CNBC interview. Michael Price does not look for much press. When he does speak, it is truly worth a listen. Seth Klarman, the founder of the Baupost Group, considers Michael Price to be his mentor. Seth Klarman is considered one of best investors and among the top three according to Warren Buffett. That speaks for itself.

Michael Price talked about a variety of topics, which I expand...