REUTERS/Rick Wilking Bill Miller's fund sold almost all of its GameStop shares before their price rocketed in January. Miller Value Partners' 1.7 million shares would have been worth over $800
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Billionaire investor Bill Ackman trumpeted a record 70% return, touted a $500 million hedge, and teased a second SPAC in his shareholder letter. Here are the 5 key takeaways.
Bill Ackman. REUTERS/Shannon Stapleton Bill Ackman's Pershing Square posted a record 70% return in 2020. The billionaire investor's new hedge has already tripled in value to almost $500 million. Ackman
Continue reading »Billionaire investor Mario Gabelli has scored a 6,200% gain on Warren Buffett's Berkshire Hathaway
Mario Gabelli. GAMCO Investors Mario Gabelli bought $1.3 million of Berkshire Hathaway stock in the 1980s. The billionaire investor’s stake in Warren Buffett’s company is now worth $83 million. Gabelli
Continue reading »'Big Short' investor Michael Burry joins Warren Buffett in betting on Kraft Heinz
“The Big Short” investor Michael Burry revealed a position in Kraft Heinz this week. Warren Buffett’s Berkshire Hathaway is the food group’s biggest shareholder. Burry will be hoping for fewer
Continue reading »'Big Short' investor Michael Burry predicts Tesla stock will collapse like the housing bubble: 'Enjoy it while it lasts'
Netflix/The Big Short Michael Burry, whose lucrative wager on the US housing bubble’s collapse in 2007 was captured in “The Big Short,” expects Tesla stock to implode in a similar
Continue reading »Cisco Manages To Keep Investors in the Game After Earnings
Cisco Systems, Inc. (NASDAQ: CSCO) has reported earnings for its first fiscal quarter of 2021. The networking and communications equipment giant reported adjusted earnings of $0.76 per share (EPS) and
Continue reading »Billionaire investor Bill Ackman is hedging the pandemic again after raking in $2.6 billion from a similar bet in spring
Reuters / Richard Brian Bill Ackman has insured his Pershing Square hedge fund against a surge in corporate defaults, after making $2.6 billion on a similar bet in the spring,
Continue reading »Billionaire investor Ray Dalio believes Ant's IPO suspension was reasonable – and says not investing in China is 'very risky'
Roy Rochlin/Getty Images Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, lent support on Wednesday for China’s sudden decision to suspend Ant Group’s historic $37 billion listing.
Continue reading »63% of investors have changed their portfolios ahead of the US election — and increasing cash was the most common move, UBS survey says
Spencer Platt/Getty Images Sixty-three percent of investors and business owners in the US surveyed by UBS have changed their portfolios ahead of the US election. Increasing cash was the most
Continue reading »Billionaire investor Daniel Loeb takes back reins of hedge fund Third Point
Fox Business Flash top headlines for May 19 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. BOSTON - Billionaire investor Daniel Loeb is taking back
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