Top Hedge Fund News, Member Posts, Hedge Fund Daily Indices and more!

3yrs ago Hedge Fund dealbreaker Views: 454

And an enormous amount of time to talk to reporters.

After an exceedingly boring 2019, 2020 has given Warren Buffett all of the excitement he could possibly hope for and thensome: “It’ll be 2.8 million deaths this year and at age 89, I’m a little more likely to be in that group,” he noted morosely, perhaps mourning the cancellation of this year’s Buffettstock. But other than that unfortunate responsibility and his newfound chunk of Occidental Petroleum shares, Buffett hasn’t been doing much in these pandemic-plagued months other than losing a great deal of money. He certainly hasn’t reprised his role as financial markets fairy godmother so deftly played during the global financial crisis a dozen years ago. Maybe it’s because he’s the rare person who doesn’t think it’s all that big a deal (“I’ve always felt a pandemic would happen sometime,” he shrugged last month. “It wasn’t October 1987, but it was an imitation, anyway…. If you stick around long enough you’ll see everything in markets.”). Maybe it’s because he’s holed up in the famously modest house scared to death that he’ll live long enough to see the collapse of Western society.

Or maybe, in the unsolicited and probably baseless opinion of admirer Bill Ackman, who’s not at all afraid to make his opinions on matter COVID-19 known, it’s because the old Oracle is as wily as ever and is planning one hell of a surprise for Virtual Buffettstock Brought to you by Yahoo! Finance.

As for what he thought Buffett was doing, Ackman said he suspected his mentor was quietly putting his $125 billion in cash to work buying stocks. He was keeping a low profile to make sure the stocks stayed cheap while he is buying. “After he invests that $100 billion and change,” Ackman says, “he’ll let everybody know.”

“Maybe He Doesn’t Want to Be the Hero”: In the COVID-19 Crisis, Warren Buffett is Lying Low—And Ackman Stepping Up [Vanity Fair]
Debt-Laden Occidental Opts to Pay Buffett’s Dividend in Shares [WSJ]


Today's Hedge Fund Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.