“ ‘We believe that hindsight will show the champion of head-smacking craziness in the American stock market to be the period playing out right now.’ ” That’s billionaire Paul Singer of Elliott Management suggesting that the market for equities has pretty much jumped the shark, in a Jan. 28 letter …
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Getty Images “ ‘The United States is at a tipping point in which it could go from manageable internal tension to revolution and/or civil war.’ ” That’s Ray Dalio, the billionaire founder of Bridgewater Associates, sounding the alarm in his latest LinkedIn post on the class and power struggles that …
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A man wearing a face mask takes a selfie at the Charging Bull statue. angela weiss/Agence France-Presse/Getty Images Hedge funds were not the primary villains of the turmoil in the Treasury market as the grip of the coronavirus intensified in March, according to a Federal Reserve report released Monday. While …
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Getty Images “ ‘A number of countries have done a much better job of dealing with the virus without inflating their budget deficits and printing money.’ ” That’s Bob Prince, co-chief investment officer of the world’s largest hedge fund at Bridgewater Associates, explaining to Bloomberg in a recent interview why …
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We’ve got a meaty call of the day from Pershing Square Capital Management hedge-fund manager Bill Ackman, who told investors on a call on Wednesday that he is dumping shares in Warren Buffett’s Berkshire Hathaway BRK.A, -0.52% BRK.B, -0.61%. While Buffett is always the main attraction in a room, Ackman …
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