Lone Pine just told investors that it's sticking to growth stocks - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Lone Pine Capital's latest investor letter argues that tech disruption has destroyed the value stock thesis, and warns that the 'past is not prologue'

in September did not spare billionaire Stephen Mandel Jr.'s Lone Pine Capital.

"Much has been written about the multi-year underperformance of 'value' stocks, with an expectation of a reversion to the mean. We believe that structural changes in the economy, driven in part by technology, make this unlikely," the letter states. The firm was able to buy some companies at a discount because of the momentum drop as well, the letter states, specifically Netflix, a favorite of many hedge-fund managers, and Global Payments.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Chinese investors are sinking cash into Hong Kong's stock market as protests escalate - Business InsiderThe Chinese buyers are enticed by cheap prices, as months-long protests pull Hong Kong into an economic recession and drag on its stock market.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Austin-based Next Coast Ventures raised $130 million for its second fund - Business InsiderSilicon Valley is just realizing that profitable companies are wise investments, but Austin-based Next Coast Ventures has a $130 million head-start in its second fund
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Laid-off Juul employees describe how the e-cigarette company imploded - Business InsiderJuul just laid off 650 workers after federal investigations rocked the company. Workers who were affected describe how it was handled and what they saw leading up to it.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Ford responds to Tesla's new Cybertruck - Business Insider'We've always focused on serving our truck customers regardless of what others say or do,' a Ford spokesperson told Business Insider. Ugh ohh 🤷‍♂️ Cybertruck 😂😂😂😂😂😂 Still ugly teslatruck
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

What first, business, and economy class looks like on Emirates - Business InsiderBusiness Insider's Rachel Hosie takes us through each class on Emirates' double-decker Airbus A380.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »