After decades of swearing off the sector, Berkshire Hathaway’s airline holdings make it among the biggest shareholders in the four largest U.S. carriers, and CEO Warren Buffett said he wouldn’t…
Day: April 29, 2019
Bill Ackman Pursuing Quiet Recovery
After a pair of “disastrous” bets on drug company Valeant and supplement company Herbalife, once “omnipresent rabble-rouser” shareholder activist William Ackman is getting back to basics and a more low-profile…
GMO's Montier on the Dual Economy
A Financial Times article offers an in-depth discussion of GMO’s James Montier’s thesis that the U.S. is moving into a “dual economy where productivity growth is reasonable in some sectors,…
A Recession is On the Way
An article in Financial Advisor magazine argues that a recession—and maybe a bear market—are on the horizon, predicting a “two-thirds probability” for a business downturn starting this year. The article…
The $358 Billion Public Pension Giant and its Investing Dilemma
In March, the board of California Public Employees’ Retirement System (Calpers) approved a plan that could channel up to $20 billion into private equity startups and corporate buyouts over the…