Stonnington Group LLC
Assets under management:
The country is about to enter "an era of sustainability" that will affect both the economy and the financial markets.
"We're at a really important point in the development of our economy, and how we adapt will potentially be one of the most critical turning points in our history, following the Revolution, the Civil War and the Great Depression," Mr. Stonnington said.
The environment will play an increasingly prominent role in the economy. In coming years, "the question will be how do we maintain the economy and the ecology?" he said.
In 2009, sustaining cash flow will be considered more important than a company's growth model, he said. Not coincidentally, Mr. Stonnington said he expects stocks to remain at current levels.
The 2009 finish line:
The Dow: 8,000
The Nasdaq: 1,500
The S&P 500: 900
Favorite stock: Broadcom Corp. (BRCM).
Favorite sector: Health care.
Next big thing: Cooperatives.
Biggest concern: Policymakers deferring tough decisions.
Reading, watching, listening to:
Book: "Eco-economy, Building an Economy for the Earth" by Lester R. Brown (W.W. Norton & Co., 2001).