“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…
Day: December 7, 2018
Quants Searching for Alpha in Exotic Corners of Market
“The search for elusive alpha is sending a handful of computer-driven hedge funds trawling the remotest corners of financial markets,” according to an article in Bloomberg. A subset of these so-called…
Buffett Repurchases Over $900 Million in Berkshire Stock
An article in The Wall Street Journal reports that Berkshire Hathaway repurchased $928 million in stock in the third quarter of 2018, calling it a rare move that indicated Chairman…
Grantham on Why the S&P Melt-Up to 3,600 Didn't Happen
In a memo in January of this year, GMO founder Jeremy Grantham suggested to clients that they “brace themselves for a near-term melt-up in stock prices that might take the…