Magazine

Richard Kang: My Favorite Indicator


Chief investment officer, Emerging Global Advisors, a provider of exchange-traded funds

I watch Warren Buffett. The best new stock he could find in 2009 was Burlington Northern. Aside from that, he largely chose to add to positions??estl?? (NSRGY), Exxon Mobil (XOM), Wells Fargo (WFC), and Wal-Mart Stores (WMT). He's still all about value. But since cash has a negative net return, he's had to deviate at times. He did in a big way when he invested in a Chinese battery manufacturer in 2008. That was all about growth. He hasn't become a growth manager, but it does signal that even Buffett deviates slightly.


China's Killer Profits
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus