简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The hedge fund boss said the restraint shown by the "greatest investor in my generation" is a red flag for investors.
Warren Buffett's lack of stock purchases during the market meltdown is a red flag for Leon Cooperman, the hedge-fund billionaire said in an email this week, according to Benzinga.“Who am I to be bold?” the Omega Advisors chief asked, when the “greatest investor in my generation” isn't buying.Buffett's Berkshire Hathaway made only $1.8 billion in net stock purchases in the first quarter, and netted $6.1 billion from stock sales in April.Cooperman shared several concerns about the coronavirus pandemic's long-term impacts, and argued the S&P 500 was about 10% overvalued, Benzinga said.Visit Business Insider's homepage for more stories.
Warren Buffett's dearth of stock purchases during the coronavirus sell-off is a red flag for investors, hedge-fund billionaire Leon Cooperman said in an email this week, according to Benzinga.If the “greatest investor in my generation” isn't buying, the Omega Advisors chief said, “Who am I to be bold?”Buffett's Berkshire Hathaway conglomerate made only $1.8 billion in net stock purchases in the first quarter, and reported about $6.1 billion in net stock sales in April as it dumped its stakes in the “big four” airlines.Berkshire's vice chairman and Buffett's longtime partner, Charlie Munger, struck a cautious tone in a Wall Street Journal interview last month. “We just want to get through the typhoon, and we'd rather come out of it with a whole lot of liquidity.”
Cooperman outlined several other reasons why he's concerned about the pandemic's long-term impacts on the US economy, and fearful that markets have gotten ahead of themselves, Benzinga reported.They include greater compliance costs for companies to keep their workers safe, the decline in corporate profit margins from historic highs in January, and weaker demand if people need to prove they're immune or have been vaccinated to attend sporting events, concerts, and other gatherings.Cooperman pegged the S&P 500's fair value at 2,550, Benzinga said, suggesting the benchmark stock index is more than 10% overvalued as of Wednesday's close.Cooperman didn't immediately respond to a request for comment from Business Insider.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
We are honored to share that AUS GLOBAL, as an invited guest of the United Nations forum on Science, Technology and Innovation (UNSTI), successfully completed the important mission of this event on June 20, 2024 at the Palais des Nations in Geneva, Switzerland.The forum brought together dignitaries and renowned business people from around the world to discuss important topics such as global fintech development and environmental protection.
David Barrett, CEO of EBC Financial Group, talks about the significance of the Berkshire Hathaway Annual Shareholders Meeting in an interview with Yicai Global.
Nvidia Soars, European Markets Gain, and Key Forex Trends
Key Insights into Today's Market Dynamics and Profitable Trading Strategies