The 41-year-old, who has been coming to Davos for more than a decade, said he attends the WEF “to interact with some of the finest minds from around the world and get a great sense as to what is on top of their minds.”
Torbjorn Tornqvist, chief executive officer of oil trader Gunvor Group Ltd., said he would continue to invest in stocks in 2014, targeting underperforming sectors, such as natural resources.
“The oil and mining sectors have been very weak,” he said. “I prefer to invest when market expectations are low, because when these opportunities turn, they turn quickly.”
‘Big Question’
The Swede founded Gunvor in 2000 with fellow billionaire Gennady Timchenko. The company is the fifth-largest independent commodity trader based on its full-year 2012 revenue of $93 billion. For Tornqvist, China poses the biggest risk to the global economy in 2014.
“China is the big question,” he said. “Will it perform as expected? Growth rates could be lower than generally anticipated due to credit and debt issues, which could have wider consequences for the Asia region.”
Like Singh, he said he expects the forum will spark new investment ideas.
“I go to Davos to get some distance from my own business and hopefully come away with some new ideas,” he said. “Davos provides a good stimulus for visionary and strategic thinking.”