How Billionaires Are Investing In 2016: “The Only Winning Move Is Not To Play The Game”…“The trade now is to hold as much cash as possible,”
by Tyler Durden
ZeroHedge.com
01/23/2016
“The world’s central banks can’t save us anymore.” That was the message from some of the world’s most prominent investors at the World Economic Forum in Davos, Switzerland, on Friday. Each was resistant to putting on fresh positions and expected asset prices to head downward. In short, they say, the only winning move is not to play the game. “The trade now is to hold as much cash as possible,” said Nikhil Srinivasan, chief investment officer for Generali, a European insurer with $480 billion in assets. “Equity markets could go down 15% to 20%.”
The Rest…HERE
