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Slim’s Pickings: Don’t Invest Like the Richest Man in the World

You'd be better off avoiding these five Carlos Slim holdings

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When it comes to the smart money, billionaire Warren Buffett and his Berkshire Hathaway (NYSE:BRK.A, BRK.B) holdings are the talk of the town. However, Forbes recently released its list of the world’s richest people on the planet and, for the first time in over a decade, Buffett didn’t make the top three.

At the same time, oft-overlooked Mexican telecommunication tycoon Carlos Slim was named the richest man in the world for a fourth consecutive year, with his wealth totaling a jaw-dropping $72 billion.

So forget Buffett for a minute. Can (or should) you invest like Slim?

Well, maybe not. For one, his global conglomerate, Grupo Carso (PINK:GPOVY), along with other big holdings like Grupo Financiero Inbursa (PINK:GPFOY) and Minera Frisco (PINK:MFRVF), are very thinly traded ADRs that you probably should pass on.

On top of that, Slim has been struggling lately. In late 2011, the mogul lost around $8 billion in four days, and since then, his net-worth lead over second-place Bill Gates has narrowed to its smallest gap in nearly a year.

Make no mistake — Slim’s no fool, and he’s not the richest man on Earth for nothing … still, not all of his holdings are gold. Here’s a look at five Carlos Slim-held stocks — some of which have held him back for the past year and could weigh him down more going forward, and others that might be nearing the end of their usefulness:

Article printed from InvestorPlace Media,

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