10 Billionaires Best Investment Advice


Bangalore: Investment is a form of art and only a few people have mastered it.  Their experience in the world of money has been turbulent, exciting and wisdom packed. Only the wise ones can share their knowledge and concepts. The rest believe in keeping it as a part of their enigma, a closed book or their arcanum. Here is the list of those influential investors, who have made it big in investments and why you need to take their advice seriously -

1. Eli Broad:

Broad majored in Accounts with a minor in Economics from Michigan State University. He was so good at accounting that he became the youngest native of Michigan to clear the Certification of Public Accountant (CPA). He worked as an accountant for two years before he ventured with Donald Kaufman to start building homes. The home building company called Kaufman and Broad Home Corporation (KB Home) made an impressive mark. Once he got a hold on building homes he decided to diversify his investments into another niche sector - the insurance sector and he proudly found the Insurance Company, Sun Life Insurance Co. He later sold the company to AIG 1999 for a whopping $18 billion. Presently, Broad is busy with impressive modern art collections and his charitable foundation - The Broad Foundation.

His strategy: If you have a million dollars, then invest in multinational consumer companies such as - Procter & Gamble, Coca-Cola, Kraft Foods and Johnson & Johnson.

Prediction for 2012: According to him, dollar will remain strong and Euro will hit the ground in 2012. As for hedge funds, he likes funds and managers with good long-term track records like, Seth Klarman Baupost Group LLC.