Bill Gates' take on the economy:
Despite the fact that his foundation’s assets have declined by over 20% in the past year—actually a decent performance, relative to other institutional investors—Mr Gates is remarkably optimistic. He will be attending the World Economic Forum in Davos, where there will be much talk of the need to “reboot” the global economic system, but he thinks such talk is exaggerated, because the foundations of the economy are basically sound.
“Even if it now drops 5-6%, the world economy has delivered phenomenally,” he says, predicting that innovation and wealth creation will eventually resume because the underlying market and technological forces remain as potent as before. Well, let’s hope so.
Glad he's happy with things.