Tuesday, September 05, 2006

Centenarian looks overseas

Aug. 30 (Bloomberg) -- Albert H. Gordon took over Kidder, Peabody & Co. in 1931, turned it into an underwriting leader on Wall Street, and saw opportunities overseas before many rivals.

He's still looking abroad at the age of 105.

After eight decades as an executive and investor that spanned from the roaring 1920s to the age of terrorism, Gordon says he's ``bearish'' on U.S. stocks partly because of the $8.41 trillion national debt. He prefers shares of companies such as Canada's EnCana Corp., Wal-Mart de Mexico SA de CV and Petroleo Brasileiro SA.

``At least three-quarters of whatever I own is foreign stocks,'' he says from his Manhattan apartment overlooking the East River.

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