Abu Dhabi Investment In Citi Positive For US "Tuesday's $7.5 billion capital infusion in Citigroup Inc . ( NYSE: C ) by the investment arm of the Abu Dhabi government "reinforces the fact that America is a great place to invest," an economic adviser to U.S. President George W. Bush said Tuesday. Allan Hubbard, director of the National Economic Council, said in an interview with CNBC that the investment by the Abu Dhabi Investment Authority shows that "foreigners like to put their dollars here." Asked about the home loan and credit problems hitting the U.S., Hubbard said while the number of mortgage foreclosures will increase, they represent just a small part of the country's "gigantic" economy. The bulk of the economy, he said, is doing "just fine." Hubbard said financial markets would be helped by greater transparency in financial products. "There's uncertainty about the value of a lot of these financial instruments," he said. Bottomline: Citigroup Inc. ( NYSE: C ) is one of the top 50 innovative companies in the world. Although Citigroup is not included in the 20 innovators comprising The Innovation Index for 2007, at the current valuation where it is at five year lows, Citigroup is a great BUY. Citigroup is a great company, that will stand the test of current sub-prime crisis, and come out with flying colors. The patient investor will be rewarded. If you agree with Warrent Buffett's and Benjamin Graham's approach to value investing, the best investment opportunities are when great companies' stock valuations are down owing to market fluctuations or market reactions to short-term trends. Once Citigroup hires a worthy CEO, and gets into execution mode, the likelihood of success in 2008 and beyond far outweighs the likelihood of failure. Citigroup has too many good assets, and has the size to withstand the current crisis. Benjamin Graham recommended that investors spend time and effort to analyze the financial state of companies. When a company is available on the market at a price which is at a discount to its intrinsic value , a " margin of safety " exists, which makes it suitable for investment. Graham wrote that investment is most intelligent when it is most businesslike, a statement which Warren Buffett regarded as the most important words about investment ever written. Graham said that the stock investor is neither right nor wrong because others agreed or disagreed with him; he is right because his facts and analysis are right. The Innovation Index Reports : Top 50 Innovative Companies in the world - 2007 Report on Top 50 Companies Annual Report - Chapter One - Total Innovation Activity - 2006 Annual Report One Annual Report - Chapter Two - The Top Innovator - 2006 Annual Report Two Annual Report - Chapter Three - The Innovation Insights - 2006 Annual Report Insights Innovation and Stock Performance Correlation - The Innovation Index and Stock Performance The Innovation Index gallops to 56% - Quarterly Report - Q3, 2007 The Innovation Index gains 3% during the first quarter - Quarterly Report - Q1, 2007 About The Innovation Index The Innovation Index introduced in December 2006 is a weighted stock price index of the top 20 Innovators in North America. The Innovation Index has returned 119% over the last five years. This assumes an investment in each stock of The Innovation Index (buying each stock). An average of $100 invested in The Innovation Index on December 31, 2001 returned $219 as of December 29, 2006. By comparison, $100 invested in each of S & P 500, NASDAQ and Dow Jones Index returned $124. The Innovation Index beats the S & P 500, NASDAQ and Dow Jones Index by 77% over the last five years. The Normalized Innovation Index has returned an impressive 174% over the last five years. This assumes equal investment in each stock of The Innovation Index as of December 31, 2001. Alphabetical list of the top 20 Innovators of The Innovation Index and their stock ticker symbols: 3M Company - ( NYSE: MMM ) Amazon.com, Inc. - ( NASDAQ: AMZN ) America Movil - ( NYSE: AMX ) Apple Inc. - ( NASDAQ: AAPL ) Cisco Systems, Inc. - ( NASDAQ: CSCO ) Dell Inc. - ( NASDAQ: DELL ) eBay Inc. - ( NASDAQ: EBAY ) General Electric Co. - ( NYSE: GE ) Google Inc. - ( NASDAQ: GOOG ) Hewlett-Packard Co. - ( NYSE: HPQ ) Intel Corporation - (NYSE: INTC) International Business Machines Corp. - ( NYSE: IBM ) Microsoft Corporation - ( NASDAQ: MSFT ) Research In Motion Limited - ( NASDAQ: RIMM ) Southwest Airlines Co. - ( NYSE: LUV ) Starbucks Corporation - ( NASDAQ: SBUX ) Target Corp. - ( NYSE: TGT ) The Proctor & Gamble Company - ( NYSE: PG ) Wal-Mart Stores, Inc. - ( NYSE: WMT ) Yahoo! Inc. - ( NASDAQ: YHOO ) The Innovation Index will analyze the positions and standings of the top 20 Innovators at the end of each year. For 2007, there will be no further changes in The Innovation Index. Disclaimer: I invest in the stocks comprising The Innovation Index. Source: Dow Jones Newswires Wikipedia