Billionaire Carlos Slim Loves These Stocks

Updated from 6:59 a.m. EDT

Depending on the source and what month it is, Carlos Slim is either the richest, second-richest or third-richest man in the world, with a reported net worth of $53 billion, according to Forbes magazine.

Slim is a Mexican businessman who made much of his wealth in the telecommunications industry in Latin America. He has been the vice president of the Mexican Stock Exchange and the president of the Mexican Association of Brokerage Houses.

If he's so rich, maybe it is time to pay closer attention to what he invests in -- including Kraft Foods(KFT Quote) and America Movil(AMX Quote).

To read the rest of the story and to find out what Slim's buying, please click here.

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A note from James Altucher:

Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to a theme but also offer significant analysis as to why the stocks are cheap.

Here are some examples:

• Stocks related to drilling the Marcellus Shale
• MLPS with yields above 7%
• Microcaps trading for less than tangible book
• Stocks that do well after Hurricanes

Here's the challenge: Build a portfolio at Stockpickr.com with great analysis, and send me the link. Each great portfolio (with analysis) will get posted on TheStreet.com with your byline (as a "Stockpickr Guest Columnist") and will be included in my email I send to Jim and the other hedge fund managers on my list.