Forbes - January 2016

120 Pages·2016·35.59 MB·English

WHY CONSUMER
STAPLES SHOULD BE ON
YOUR SHOPPING LIST.
Strong performance and lower risk aren’t boring. The consumer staples sector
has historically delivered relatively low risk and high return, plus dividends, through
steady demand in up and down markets over the past 30 years.*
Stock up on opportunity
FDFAX
FIDELITY® SELECT CONSUMER STAPLES PORTFOLIO
FSTA
FIDELITY® MSCI CONSUMER STAPLES INDEX ETF
Before investing in any mutual fund or exchange-traded fund, you should consider its
investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering
circular or, if available, a summary prospectus containing this information. Read it carefully.
Past performance is no guarantee of future results.
Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors and companies.
Greater Return
Annualized Total Return by Sector (1985–2015)*
6% 8% 10% 12% 14%
Lower Risk
Standard Deviation of Annual Total Returns (1985–2015)*
Health Care
25% 20% 15% 10% Consumer Staples
14.5%
Energy
Technology
Consumer Discretionary
Materials
Industrials
Consumer Discretionary
Technology
Financials
Utilities
Energy
Financials
Telecom
Materials
Industrials
Telecom
Health Care
Consumer Staples
14.3%
Utilities
Fidelity.com/staples
800.FIDELITY
Or call your Advisor
* Source: Haver Analytics, Fidelity Investments, as of July 31, 2015. Past performance is no guarantee of future results. Sectors are defi ned by the Global
Industry Classifi cation Standard (GICS) and are based off the top 3,000 U.S. stocks by market capitalization.
Annualized Total Return by Sector (1985–2015): Health Care (14.93%); Consumer Staples (14.47%); Energy (11.15%); Consumer Discretionary (11.13%);
Industrials (10.94%); Technology (10.73%); Utilities (10.49%); Financials (10.41%); Materials (10.04%); Telecom (9.16%).
Standard Deviation of Annual Total Returns (1985–2015): Technology (25.45%); Materials (20.73%); Consumer Discretionary (19.27%); Financials (19.26%);
Energy (19.08%); Telecom (18.93%); Industrials (17.72%); Health Care (15.93%); Consumer Staples (14.32%); Utilities (14.02%).
Fidelity Brokerage Services LLC, Member NYSE, SIPC. © 2015 FMR LLC. All rights reserved. 727880.2.0
Contents
// JANUARY 18, 2016 VOLUME 197 NUMBER 1
ON THE
COVER
60 | 30 UNDER 30
Our fi fth annual 30
Under 30 list again rec-
ognizes America’s top
young entrepreneurs
and game changers—600
strong, in 20 diff er-
ent fi elds. The process
is intense—dozens of
FORBES reporters vet
thousands of names,
with a panel of legends
in each category over-
seeing the fi nal cut. And
the results are impres-
sive: Behold, the future
(and present) leaders of
pretty much everything.
EDITED BY
CAROLINE HOWARD
2 | FORBES JANUARY 18, 2016
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JANUARY 18, 2016
16 11 | FACT & COMMENT // STEVE FORBES
Reality will smash Obama’s fantasy world.
LEADERBOARD
16 | HOLLYWOOD’S BEST BANG FOR THE BUCK
Golden Globes and Oscars don’t measure what really matters:
Which actors and actresses offer the best return on investment?
20 | NEW BILLIONAIRE: FUELING HIS PASSIONS
Vijay Goradia came to the U.S. and made a fortune in petrochemicals.
Now he’s devoted to philanthropy in India, the homeland he left behind.
22 | COLLEGE FOOTBALL’S MOST VALUABLE TEAMS
No, they can’t be sold. But the NCAA’s top gridiron squads are cash
machines all the same. Plus: Ralph Lauren’s elegant barman’s kit.
24 | THE BEST (AND WORST) COUNTRIES FOR BUSINESS
Are Scandinavian social democracies really the most capitalist-friendly
places on earth? Plus: Iowa’s agricultural billionaire.
20
26 | HOW TO RAISE A BILLIONAIRE: BILL GATES
What was the Microsoft founder like as a child? His father, Bill Gates Sr.,
recalls his bookish, inquisitive young son.
28 | CONVERSATION
Lauding the Fintech 50. Plus: talking health care with the industry’s
most prominent (and controversial) figures.
THOUGHT LEADERS
30 | CURRENT EVENTS // AMITY SHLAES
Coolidge heads for college.
31 | INNOVATION RULES // RICH KARLGAARD
A man for all seasons.
STRATEGIES
34 | THE FUTURE IS THE PAST
The entire auto industry is betting on self-driving cars—except
Mazda’s Masamichi Kogai, who believes lots of people love to
get behind the wheel.
BY JOANN MULLER
34
40
4 | FORBES JANUARY 18, 2016