Ten billionaires on the best advice and opportunities

Source: Matthew G. Miller and Peter Newcomb, The Washington Post

Stock markets are down. Europe is gyrating. Cash generates minuscule returns. Commodities, especially gold, can soar or tumble in an instant. In these perplexing times, Bloomberg Markets asked 10 billionaires 14 questions covering their views on the global economy, where they see opportunities and who gave them the best advice. We found much agreement: The billionaires say traditional indicators have little influence on their investment decisions. In fact, hair-care mogul John Paul DeJoria says salons are better indicators of economic health. The 10 largely agree that the euro will depreciate further and that keeping one’s portfolio in U.S. dollars is smart.

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