Picks From The Pros
From Barron’s Art of Succesful Investing.
If you missed the last, fear not, as the pages ahead are crammed with the best of AOSI — namely, the wit, wisdom, and investment insights of our nine savvy speakers. At last week’s eighth annual get-together, they generously shared with the public their wide-ranging views on the economy and financial markets; their best investment ideas; and, arguably most important, their time-tested strategies for finding value in a volatile market and troubled world.
You likely will recognize five of the crew — Felix Zulauf, Scott Black, Meryl Witmer, Fred Hickey, and Marc Faber — as members in good standing of our annual Roundtable, and a sixth, options expert Patrick Neal, fom last year’s conference report. Joining them in 2012 were Dan Fuss, vice chairman of Loomis, Sayles, whom my colleague Randall Forsyth calls “the Buffett of bonds”; David Herro, chief investment officer of Harris Associates and a much-lauded international investor; and Bill Priest, CEO and co-chief investment officer of Epoch Investment Partners, who is enjoying a long and distinguished career on the Street.
The interviews that follow are adapted from video interviews conducted at AOSI byBarron’s Senior Editor Kopin Tan and available online at www.barrons.com. So grab a latte, and read on or listen in.
Barron’s: Felix, why so glum about the EU?
Zulauf: The European monetary union goes against the laws of economics. Politics is keeping it together, and that has created enormous stresses. Europe must narrow the gap in competitiveness between Germany and the debtor countries at the periphery. This is deflationary for the peripheral nations, and creates economic pain for the system and individuals.
Full reading here.