Live at the Israel Presidential Conference-”Facing Tomorrow”
Written by: Aaron Katsman | May 14, 2008
Aaron Katsman
www.IsraelNewsletter.com
IOI is live at the Israel Presidential Conference, where over 20 world political leaders, including US President Bush, global business leaders and philosophers from all over the world are gathering in Jerusalem to discuss how Israel must “face tomorrow.”
Abby Joseph Cohen, senior U.S. investment strategist at Goldman Sachs (GS), spoke about Israel and globalization. She said that it’s key for Israel to continue and focus on making high quality products, not try and be a cheap cost producer. She pointed out that Israel’s current status of as a hi-tech center is key in attracting capital, which she says will be of vital importance for any country moving forward. Without investment capital, nothing can be created.
She also said that it’s a must for Israel to secure natural resources. The fact that Israel is not blessed with many resources makes it vital to secure these resources so that the economy can continue its’ strong growth.
She ended her talk with a few sectors to keep an eye on, the main one being green tech/clean tech.
IOI will be blogging throughout the next 2 days from the conference to keep you informed of what’s being said.
Disclosure: Author’s fund has no position in any stock mentioned as of 5/14/08.
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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
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