Ludicrous schmooze fest for the rich

It's not the overly wealthy at the Davos schmooze fest that we should be celebrating. It's the real entrepreneurs.

15-1-29-Bono-634

Davos impresario Klaus Schwab poses with gullible showbiz folk

At the piano bar of the Hotel Europe in Davos, billionaire hedge-funders knock back expensive champagne while Kevin Spacey croons an impromptu version of Frank Sinatra's In The Wee Small Hours Of The Morning.The party, one of many at the World Economic Forum, is just getting started, says Paul Scott in The Mail on Sunday.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.