Warren Buffett's lack of stock purchases worries Leon Cooperman - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

'Who am I to be bold?' Warren Buffett's lack of stock purchases worries billionaire investor Leon Cooperman

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Warren Buffett's lack of stock purchases during the market meltdown is a red flag for Leon Cooperman, the hedge-fund billionaire said in an email this week,"Who am I to be bold?" the Omega Advisors chief asked, when the "greatest investor in my generation" isn't buying.

Buffett's Berkshire Hathaway made only $1.8 billion in net stock purchases in the first quarter, and netted $6.1 billion from stock sales in April. Cooperman shared several concerns about the coronavirus pandemic's long-term impacts, and argued the S&P 500 was about 10% overvalued, Benzinga said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors bet against Warren Buffett as airline ETF sees 1600% surge in fund flows - Business InsiderThe US Global JETS ETF has seen a surge in assets since the coronavirus pandemic caused a massive sell-off in airline stocks. Love to see how this plays out! All aboard the germ tube express! hblodget Ryan_Dagner
Source: BusinessInsider - 🏆 729. / 51 Read more »

Investors bet against Warren Buffett as airline ETF sees 1600% surge in fund flows - Business InsiderThe US Global JETS ETF has seen a surge in assets since the coronavirus pandemic caused a massive sell-off in airline stocks. Love to see how this plays out! All aboard the germ tube express! hblodget Ryan_Dagner
Source: BusinessInsider - 🏆 729. / 51 Read more »