Billionaire Predictions 2010

Forbes

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©Courtesy of David Ceriton

David Cheriton

Citizenship: Canada
Net Worth: $1.1 billion
Age: 58
Source of wealth: Google





What is the most alarming trend facing the economy today?

Attacks of government on free enterprise and entrepreneurs.

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When will the Fed step in to strengthen the U.S. dollar?

Never.

In what direction will your country's stock market move, and what kind of returns do you anticipate?

Sideways at best. So, none or slightly negative.

Gold: buy, hold or sell?

Buy.

Which emerging world economy is the best bet for investors?

Brazil.

What's the best asset to own in 2010?

Google stock.

Will Twitter be a viable business in 2010? And do you use it?

No, I don't use it.

Global warming: fact or fiction? How much money should your government invest in emissions cuts?

Human contribution to global warming is negligible. Government should not invest in anything.

Who is going to win the World Cup?

Brazil.

What will be the biggest surprise of 2010?

Obama's approval rating will drop below the lowest level Bush ever had as unemployment continues to rise.

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Leon Charney

Citizenship: U.S.
Net Worth: $1.4 billion
Age: 68
Source of wealth: real estate





What is the most alarming trend facing the economy today?

Unemployment.

When will the Fed step in to strengthen the U.S. dollar?

When the unemployment rate dips below 8.5 percent.

In what direction will your country's stock market move, and what kind of returns do you anticipate?

The stock market will go up when consumer confidence returns. There will be a 12 percent return.

Gold: buy, hold or sell?

I would hold.

Which emerging world economy is the best bet for investors?

China.

What's the best asset to own in 2010?

Distressed debt.

Will Twitter be a viable business in 2010? And do you use it?

Yes, it will be viable, and no, I don't use it.

Global warming: fact or fiction? How much money should your government invest in emissions cuts?

Global warming is a fact and the government should invest 10 percent of the defense budget.

Who is going to win the World Cup?

Brazil.

What will be the biggest surprise of 2010?

A reversal in the popularity of President Barack Obama.

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Mark Cuban

Citizenship: U.S.
Net worth: $2.3 billion
Age: 51
Source of wealth: Broadcast.com





What is the most alarming trend facing the economy today?

The administration's ignorance of how entrepreneurs start small businesses. The President does a good job of communicating with high-profile businesspeople, but he has done nothing to make it easier for start-ups dependent on sweat equity to start businesses.

When will the Fed step in to strengthen the U.S. dollar?

I hope not for several years. The currency strength is not a reflection of a country's strength. Just look at China. As long as the U.S. is still the world's primary destination for intellectual and venture capital, the dollar can fall. This "balance of trade" is a far better indicator or global strength than the dollar.

In what direction will your country's stock market move, and what kind of returns do you anticipate?

No idea.

Gold: buy, hold or sell?

Gold is a religion; it's not an asset class. It is always a bubble, so I am a sell.

Which emerging world economy is the best bet for investors?

no answer

What's the best asset to own in 2010?

no answer

Will Twitter be a viable business in 2010? And do you use it?

It's already a viable business, and yes, I use it. The question about Twitter is how long before it is pre-empted by another short messaging tool in broadcast format.

Global warming: fact or fiction? How much money should your government invest in emissions cuts?

no answer

Who is going to win the World Cup?

no answer

What will be the biggest surprise of 2010?

Tiger Woods gets remarried.

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