10 Billionaires

[oracle]

Bloomberg Markets magazine in its January issue asked 10 billionaires 14 questions covering their views on the global economy, where they see opportunities and who gave them the best advice.

Donald Trump

Best investing advice?

My father, Fred C. Trump, told me to know everything you can about what you’re doing. He believed in being thorough and was wary of blind spots.

Eli Broad

Currency?

The euro will be the worst. The U.S. dollar is what I hold most of my portfolio in.

Patrick Soon-Shiong

Gold: opportunity, bubble or enigma?

Gold is both a bubble and an enigma. It’s no longer an opportunity.

Joe Jamail

Where to park $1 million in cash?

In my mattress.

....

Read full article here

It's really interesting that even billionaires have contradictory and differing opinions on which assets class is the safest and will provide above average returns.

Basically, it boils down to your circle of competence. Money can be made from all assets classes if you have an edge above others.

Cheers,
Oracle.

 

[Deltaberry]

Not from your mattress though, unless your mattress can produce gold eggs.