Carlos Slim: Still Not Buying

He's still worried about the economy.

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Mexican billionaire Carlos Slim, the world's second-richest man, who made a fortune buying during bad times, is hedging his bets when it comes to moving back into stocks.

He told CNBC in this video that the coming months will still be challenging and called the current economic problems "the worst I have seen in my life."

Slim is also coy about when he might move back in, saying his funds that cut back on stocks when prices are high still hold low percentages of equities. As for the success of the global financial bailout, he says government efforts are still moving too slowly.

Contrast Slim with Warren Buffett, who is very publicly snapping up U.S. stocks. The Motley Fool recently took a quick look at billionaire investing styles. Link is here.