"I am most bullish on capital goods companies, machinery companies and even conglomerates."

He now sees the most value incyclical stocks, especially paper, chemicals, metals and machinery companies.

He was an executive of the agricultural machinery company founded by his father that became International Harvester.

His father was the foreman of a machinery company and his mother took in boarders.

Ltd, an agricultural machinery company, which built the first tanks (armored vehicles)

Returning to Switzerland, he briefly managed a machinery company and, in 1969, became a business professor at the University of Geneva.

He went on to buy control of Adolph Saurer, a Swiss machinery company.

"I won't forget the key," said Goldberg, now 83 years old and retired in Chicago, where he owned a machinery company.

For instance, he said, a pickup in economic growth toward the year's end, which many economists expect, could help industrial machinery companies and some consumer-related concerns.

The chief executive of a leading machinery company says that in five years his company will adopt the euro.