As for the health of the US economy, Pitts—who was honored at NAPL’s annual Soderstrom Awards Dinner on September 7 at the University of Chicago Gleacher Center—says he holds no illusions.
“Every time I think I know what the economy is going to do, it either does something completely different or it does nothing at all,” he admits. “I’m expecting no significant growth from the economy, and so that, to me, is the safest bet. If we do things expecting the economy to not help us, and then it does help us, we’ll get even more lift. But the safe bet is to bet on no help.”