Water Outperforms Oil, Luring Pickens, GE’s Immelt, Guy Hands

(Bloomberg) — Jean-Marie Messier lost billions of euros turning the world’s biggest water company into entertainment conglomerate Vivendi Universal SA. He should have stuck with water.

The lack of usable water worldwide has made it more valuable than oil. The Bloomberg World Water Index of 11 utilities returned 35 percent annually since 2003, compared with 29 percent for oil and gas stocks and 10 percent for the Standard & Poor’s 500 Index.
Bloomberg