Stockpickr: Trade Like Prince Al-Waleed

On a related note, Citigroup has recently put out a report on companies that will benefit from the increasing gap between the "haves" and the "have-nots." That report includes Four Seasons, as well as companies such as Coach(COH Quote) and Sotheby's(BID Quote). For the full list, check out Citigroup's portfolio on Stockpickr.

Al-Waleed has always tried to find value in technology companies, having made a good chunk of his fortune not only from AOL but also from a well-timed investment in Apple(AAPL Quote). As I mentioned in a prior article, titled "Stockpickr: The Top Stocks at Bargain Prices," he also owns Motorola(MOT Quote).

Another large investment of his, dated from 2002 and one he's still holding on to, is Priceline(PCLN Quote).

Al-Waleed bought it at approximately $25 a share, directly from Priceline founder Jay Walker. Priceline's growth has been nothing short of phenomenal in recent years, with 250% year-over-year earnings growth in the past year. Analysts expect the company to earn $3.22 a share in 2008, up from $2.80 a share in 2007, giving it a forward P/E of just 15 and change.

Other investors in Priceline include Jeff Vinik, who took over for Peter Lynch at Fidelity Magellan in the 1990s. He then started his own fund, accumulated a net worth of several billion through investing and now primarily invests his own money. He's been loading up on tech giants such as Advanced Micro Devices(AMD Quote) and Google(GOOG Quote).