Buffett and Cooperman Agree Luck is Key to Investing Success

“Whatever success I’ve achieved, I think I’ve achieved it because I’ve been very lucky,” said founder and CEO of Omega Advisors Leon Cooperman in an October interview on CNBC. Cooperman echoes sentiment of Berkshire Hathaway CEO Warren Buffett, who has often said he was born with advantages that helped him along the way—which he refers to as winning the “ovarian lottery.”. In 2013, Buffett said, “The womb from which you emerge determines your fate to… Read More

Market Insights from Omega’s Cooperman and Einhorn

Leon Cooperman and Steven Einhorn of Omega Advisors have worked together for 40 years and have nearly 100 years of investment experience between them, according to an article in Barron’s that shares highlights of an interview with the two moguls. Cooperman and Einhorn “expect the bull market in U.S. equities to run for a while longer,” the article reports, “given relatively friendly valuations and Federal Reserve policy.” Bonds are another story, however. In the interview,… Read More

Cooperman’s Omega Fund Converts to Family Office

In a recent letter to investors, hedge fund manager Leon Cooperman announced that he will convert his Omega Advisors (which oversees $3.8 billion) into a family office at the end of this year, according to a recent article in Bloomberg. The 75-year-old Cooperman explained that the decision was a personal one, not related to health concerns. “I don’t want to spend the rest of my life chasing the S&P 500 and focused on generating returns… Read More

Leon Cooperman Talks Market Movements

In a CNBC interview held last week, billionaire Leon Cooperman shared insights regarding recent market trends and influences. The billionaire founder of Omega Advisors made the following points: FAANG stocks, which he says represent about 10% of his portfolio, have sound valuations based on expected earnings. The biggest threat, argues Cooperman, is the U.S. government, which wants to “pick their pockets.” Inflation, Cooperman contends, is a “plus for common stocks” since higher costs become incorporated… Read More

Leon Cooperman Says Market Isn’t Overvalued Yet

In a recent interview with CNBC, Omega Advisors CEO Leon Cooperman characterized the stock market as “reasonably fully valued,” arguing that he is not yet seeing investor euphoria. According to CNBC, Cooperman said he evaluates stocks on a case-by-case basis, and argues that the economy is gaining momentum. He believes the tax bill makes sense and will mostly be a positive change for businesses. On the subject of bitcoin, Cooperman said he has no money… Read More

Cooperman Says Bear Market Is Not Imminent

On CNBC’s Halftime Report last week, Omega Advisors CEO Leon Cooperman shared his views on the market and its direction. “The market’s not cheap,” Cooperman said, “but it’s not expensive…it’s approaching normalization.” He shared that his fair value is approximately 17 times forward earnings and that, if President Trump can get tax reform through Congress, he forecasts $150 in S&P 500 earnings per share in 2018. Cooperman argued that “we have another 10 to 15… Read More

Omega’s Cooperman Says Investors in for a Strong 2017

According to a 51-page letter to investors penned by Leon Cooperman and Steve Einhorn of hedge fund Omega Advisors, “things are looking good for stock investors,” says a recent article in Business Insider. The article outlines some takeaways: Solid S&P 500 growth: The index, say Cooperman and Einhorn, can deliver an 8% to 10% return in the coming year, “consisting of earnings-per-share growth of approximately 8% (aided by a lower corporate tax rate and added… Read More

No Bear Market says Cooperman

Leon Cooperman of Omega Advisors doesn’t think a bear market is coming. He quoted Sir John Templeton: “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria,” and explained that he doesn’t see euphoria now. He also offered the following four reasons not to expect a bear market: He sees no signs of U.S. recession; He doesn’t think stocks are overvalued; He cannot foresee any geopolitical event that will… Read More

Cooperman Reiterates Positive Market Outlook. Says Oil in "Bottoming Zone"

Leon Cooperman of Omega Advisors lists a host of reasons why he remains optimistic about the market, telling CNBC that this bull market is not yet over. First on this list is that if a bear market were to begin today, it would be the first bull market to end without the Federal Reserve actually tightening interest rates. In the eight market cycles since the mid-1950s, stocks, on average, have gone on to produce gains for… Read More

Cooperman Reiterates Positive Market Outlook. Says Oil in “Bottoming Zone”

Leon Cooperman of Omega Advisors lists a host of reasons why he remains optimistic about the market, telling CNBC that this bull market is not yet over. First on this list is that if a bear market were to begin today, it would be the first bull market to end without the Federal Reserve actually tightening interest rates. In the eight market cycles since the mid-1950s, stocks, on average, have gone on to produce gains for… Read More