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Who's Right: Zell or Buffett?

Traders work the floor of the New York Stock Exchange.
Adam Jeffery | CNBC
Traders work the floor of the New York Stock Exchange.

Two titans of investing both giving their opinion on the state of the U.S. economy to CNBC this week. And two very different opinions were given.

Berkshire Hathaway CEO, Warren Buffett quite optimistic saying "the economy is improving month by month."

Sam Zell, Equity Group Investments Chairman painting a more pessimistic picture saying "there's a significant and growing disparity between the stock market and the economy."

So who's right?

David Donabedian is Atlantic Trust Chief Investment Officer. He sides more with Buffett. "The economy will improve over the rest of the year and I expect to get back to the 2.5% to 3% real GDP range."

Donabedian does however say International markets are starting to attract attention as investors start to set their sights on some attractive overseas investments.

"We are seeing developed, international markets, like Europe and Japan start to outperform and emerging Asia has gotten off to a good start," says Donabedian. "It makes sense for investors to have a meaningful chunk of their investments outside of the United States. International markets have been out of favor but fundamentals are changing so investors should have exposure to international markets with the exception of Latin America."