Bay Street bigwigs, including Mark Mobius and David Bissett, share the secrets of finance

Finance types aren’t known for their reticence (the fast-talking Gordon Gecko stereotype exists for a reason), but still, the Bay Streeters interviewed in the latest issue of Report on Business were even more candid than we would have expected. Mark Mobius, David Dreman, Veronika Hirsch and seven other finance gurus gave specific advice about what to invest in right now (emerging markets, index funds and high-yielding dividend stocks, respectively), before delving into their triumphs, their failures and their concerns over global markets. Asked what keeps him awake at night, David Bissett responded, “That investors are going to realize that the U.S. emperor has no clothes. The shit is going to hit the fan there sooner or later, unless they can get their act together—and I don’t think they can.” Timothy Geithner and friends, take note. Read the entire story [Globe and Mail] »