Forget Gold, Buy The Unexpected

Money manager Ken Fisher picks three surprising stocks from around the world. Ken Fisher, founder and chief executive of Fisher Investments, is a 25-year Forbes columnist and a New York Times bestselling author…

…average annual rate.
Forbes: So you would be negative on gold at the moment?
Fisher: Well my point would be I’m not a good enough timer to have a view. But I think probably most people probably aren’t good enough timers.On the positive side, I do believe we’re in the early stages of a normal bull market led by foreign and emerging markets. And one stock that I like a lot is Vivo
(
VIV -

news
-

people
), which is Brazil’s largest cellular telephone operator with about 50 million subscribers and about one-third of the market.
Forbes: This is an ADR?
Fisher: Yes, this is an ADR. VIV is a symbol. And one of the points that I don’t think people appreciate is that while they’ve grown tremendously in Brazil they also have the potential to expand in Hispanic America outside of Brazil.
Forbes: Terrific.
Fisher: Consumer discretionary stocks do well at a time when people can’t see why they do well. As things improve, the surprise is on the upside. Industrial manufacturers also have that same feature. An…

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Forget Gold, Buy The Unexpected

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