World Economic Forum 2014: Overheard in Davos

By Bloomberg Briefs - 2014-01-22T18:19:25Z

Photograph by Stephen Lam/Getty Images

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Torbjorn Tornqvist

Torbjorn Tornqvist, chief executive officer of oil trader Gunvor Group, 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.’’

“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.’’

Left: Torbjorn Tornqvist in San Francisco on August 10, 2013.

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