Photos by Martin Schoeller; Guerin Blask for Forbes; Victor Blue/Bloombergozens of iconic investors, entrepreneurs and influential executives in finance gathered at the New York Historical Society on Thursday for the inaugural Forbes Iconoclast Summit to discuss inflation, the future of digital assets and all of the main themes affecting global markets and the economy during a turbulent year.
“I think it’s a great platform, and Elon Musk is the perfect one for that company,” Icahn said. “You don’t have to be a genius to realize that he was going to finish that deal.” “It’s ironically the right time to buy this asset, but it’s much harder to convince people to buy, and that’s just the nature of investing,” Scaramucci said.
Conway spoke on a panel with Jonathan Grabel, the chief investment officer for the Los Angeles County pension fund, who said the fund doesn’t have a divestment mandate from oil companies and has some fossil fuel firms in its public portfolio. But he’s also invested in mineral companies and agricultural technology that are facilitating the energy transition.
“The entering class in a lot of big investment banks is 50/50, but the problem is fostering an atmosphere and a climate where women excel and get promoted,” Gardner said. “Although there’s been some improvement, there’s still a long way to go.”Greg Lippman, the founder and CIO of structured products investment firm LibreMax, played a prominent role as a money-maker in Michael Lewis’ book “The Big Short,” and he has good news for U.S. consumers—it’s not as bad as it was in 2007.
“We’ve seen a significant increase in appetite, both from institutions and retail investors,” Arougheti said. “Viewed through the lens of a need for yield and return, alternatives is a huge part of how people get those outcomes.” Skjervem agreed, indicating that China’s 31% weight in the MSCI emerging markets index combined with Taiwan’s 14% weight is too high for him. His $50 billion Utah pension fund is bullish on oil and gas companies while also beginning to allocate more assets to invest in the energy transition.
“One of the things Sean has that’s very unique beyond being a creative and being a big personality is the ability to spot inflection points in culture,” Brooks said. “When you look at our portfolio, they all started with the recognition that a change was happening.”Bitcoin has flatlined for since the summer after a 70% decline from its peak last year, and 30-year-old crypto billionaire is cautiously optimistic that the tide will turn, speaking remotely at the summit.
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Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »