Emerging-market turmoil offers opportunities: Khalid Bin Alwaleed | GulfNews.com:
"The turmoil that has affected emerging markets in recent months has opened up opportunities for long-term investors, according to Saudi Arabian businessman Prince Khaled bin Alwaleed.
“The sell-offs in emerging markets are naturally pegged to speculative capital and will always happen in times of distress,” Mr. Alwaleed said in an emailed response to questions.
Prince Alwaleed has interests in more than 20 companies around the world. He is the son of Prince Alwaleed bin Talal, who, according to Forbes magazine, has a net worth estimated at $20 billion as of March 2013. Prince Alwaleed bin Talal owns a stake in News Corp, the owner of Dow Jones & Co. and the publisher of The Wall Street Journal."
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