With the stock market recently at all-time highs, before Thursday's sharp selloff in futures and weakness earlier this week, it's more attractive to sell than buy, private-equity billionaire Wilbur Ross said.
"On balance we've been a seller. We've sold six times as much as we've bought so far this year … everywhere," the investor in distressed assets told "Squawk Box" on Thursday.
Ross said stock valuations in the U.S. are high, and "with markets [near] at all-time highs, it shouldn't be surprising that there are more things that are attractive to sell than to buy."
U.S. stock futures were sharply lower Thursday, signaling a triple-digit loss at the open for the Dow Jones Industrial Average, following Wednesday's rebound on the release of dovish minutes from the Federal Reserve's June meeting. The selling early Thursday accelerated following a sharp slide in European stocks on weak economic data from Italy and concern about Portugal's largest listed bank.