"I think he's the new Buffett," the Ritholtz Wealth Management chief and "How I Invest My Money" co-author said. "He has that aura about him."
"He's not there in dollar terms yet, but he seems to have figured out a lot of things before other people and he's executing very well," Brown added.Corporations rushed to address the Capitol riot and political donations. Here's how those moves reflect the rise of sustainable investing. Palihapitiya is a former Facebook executive, the founder and CEO of Social Capital, and a minority owner of the Golden State Warriors.
He specializes in using special-purpose acquisition vehicles to take companies public. He counts Virgin Galactic, Opendoor, Clover Health, and SoFi among his deals to date. Like Buffett, Palihapitiya has "figured out how to have the zero cost of capital and the endless money coming in and everything he touches turns to gold immediately because he's had past success," Brown said.
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