Friday, January 8, 2010

Billionaire Predictions

Forbes sent out a questionnaire to all the billionaires about the prospects for the new year. for me the questions that were asked are more telling than any of the answers. one question was 'Gold: buy, hold, or sell?' another was 'Which emerging world economy is the best bet for investors?'

but whatever.

by far the best answer to any of the questions came from R.J. Kirk. in response to 'What's the best asset to own in 2010?' he said:

In every season, the best assets are those that relate to personal value--character, intelligence, work ethic and honesty. No quantum of financial assets will adequately compensate for deficiencies in these. Problems in these areas are likely to exert a negative influence on the value of any financial portfolio that a person may hold. Consequently, the best financial assets for a person to own would be those over which he has peculiar knowledge or expertise and, ideally, those over which he has the greatest ability to positively impact the outcome.