December 24, 2012 / Fortune Asia / Volume 166 / Number 10 /
SPECIAL ISSUE / Investor’s Guide 2013

2013 INVESTOR’S GUIDE

31 INTRODUCTION
There are many steps to managing your money wisely. A good way to start: a visit with the father of indexing, John Bogle.
BY ANDY SERWER

34 TOP PICKS FROM 15 STAR INVESTORS
Elite fund managers share their best stock ideas for 2013.
BY RYAN DEROUSSEAU, AMY FELDMAN, AND MINA KIMES

44 WHAT’S AN INVESTOR TO DO?
Despite market uncertainty, our panel of experts says there are plenty of ways to make a bundle.
INTERVIEW BY GEOFF COLVIN

52 WHY INVESTORS ARE RIGHT TO BE OBSESSED WITH APPLE STOCK
Loading up on the tech giant’s shares has been a winning strategy.
BY JON BIRGER

60 TOO GOOD TO BE TRUE
Many investors don’t trust Wall Street anymore, so they’re putting money into exotic alternatives. The saga of two friends provides a window into a growing peril.
BY JAMES STERNGOLD

70 MEET THE NEW QUEEN OF WALL STREET
Irrepressible muni bond scion Alexandra Lebenthal is building a powerful new family firm.
BY SHAWN TULLY

76 A FUND MANAGER’S FAITH PRODUCES RESULTS
Don Yacktman has led two of the world’s fastest-growing stock funds while helping his daughter recover from a stroke.
BY SCOTT CENDROWSKI

10 FIRST
Closer Look
One company controls cheerleading. So how does it grow? By inventing a new sport.
BY COLLEEN LEAHEY

12 FIRST
Chartist
Marijuana’s new market.

14 FIRST
Real Estate
Why U.S. private equity firms are quietly snapping up buildings in Europe at bargain prices.
BY CHARLES WALLACE

14 FIRST
Thought Leaders
Why prosecutors’ focus on the board’s role in scandals is bad news.
BY MATT FRIEDRICH AND FAYE WATTLETON

17 FIRST
Game Changer
The world’s first large-scale biofuel farm goes online―but will it work in the long term?
BY MARC GUNTHER

18 FIRST
Most Powerful Women
As GM’s head of product development, Mary Barra is the highest-ranking woman in the auto industry.
BY ALEX TAYLOR III

21 TECH
Software
A risky makeover of Adobe, the king of shrinkwrapped software, is starting to win over skeptics.
BY KEVIN KELLEHER

24 TECH
Hardware
Apple dominates tablet sales. Now Microsoft is going after the iPad head-on.
BY JP MANGALINDAN

9 Editor’s Desk

84 Bing!

INSIGHTS
28 Allan Sloan
Why you shouldn’t buy my overpriced munis.

29 Sheila Bair
Why Republicans should help President Obama succeed.

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