The Tremor Before the Quake and the Fed's $450 Billion Balance Sheet Reduction 'The combination of rate hikes and balance sheet reductions from the Federal Reserve in 2018 sucked up global U.S. Dollar liquidity and put emerging markets under immense pressure in 2018.Emerging market equities were 20-30% lower from February through October, then the S&P played catch-up to the downside.
Jan 27, 2021 10:40 AM EST DOUG KASS The Fundamental Difference Between Being Short GameStop and Tesla. Many are becoming hyperbolic and are ignoring the facts I am seeing some comparisons made between (GME) and (TSLA) on the chat sites, on Twitter and e. @realmoney Mar 25, 2021 09:55 AM EDT DOUG KASS The Unfortunate Aftermath of Speculation. Novice traders will likely now flee the markets For months I have argued - with fellow contributors and with the Twitter community - that the wanton speculation in worthless gewgaws. The latest tweets from @DougKass.
Jim Cramer
Cramer founded TheStreet in 1996 and writes daily market commentary for Real Money Pro. In addition to hosting Mad Money with Jim Cramer on CNBC, he manages Action Alerts PLUS, an investing club that follows positions and trades of his charitable portfolio. Cramer graduated magna cum laude from Harvard, and after several years as a newspaper reporter, he returned to earn a law degree. Instead of practicing law, Cramer joined Goldman Sachs and went on to manage his own hedge fund. He retired from active money management in 2000 to embrace media full time and has authored seven books on investing.
Doug Kass
Kass cut his teeth as an investigator and truth-teller as a member of 'Nader's Raiders,' Ralph Nader's crusaders for consumer protection and safety. Kass held senior positions at brokerages, hedge funds and other institutions for the next three decades, before launching his own hedge fund, Seabreeze Partners Management, where he is currently President.
Dawn Kawamoto
Kawamoto is an award-winning journalist who has written technology business stories for such publications as CNET's News.com, AOL's DailyFinance and The Motley Fool. More recently, she served as associate editor for technology careers site Dice.com.
Paul Price
Twitter jj abrams.Price has worked for Merrill Lynch, A.G. Edwards, Wachovia Securities and Ferris Baker Watts during his Wall Street years. He was among the most successful retail brokers and equity option traders at each of those firms.
The Berkshire Hathaway thesis I just heard on CNBC makes very little sense based upon the empirical evidence. As such, it is a silly narrative and an ill advised reason for suggesting a valuation reset. Snowflake is a minimal investment for Berkshire relative to its asset base. The promoter of the thesis suggests Warren's $AAPL (Apple) investment is further evidence that the company is no longer investing in traditional, non technology investments.
Memo to Berkshire Bull: the Apple investment was made three years ago - when some envisioned Apple as a value play (at less than 15x PE). As to why he is not likely selling Apple now - though it is a large portion of the company's investment portfolio - probably has more to do with not wanting to pay taxes on $60 billion of unrealized gains than a desire to be invested in even greater amounts in technology. (If so, Buffett would probably have added to tech stocks in March 2020 when stocks were beaten down). He did not.
The Tremor Before the Quake and the Fed's $450 Billion Balance Sheet Reduction 'The combination of rate hikes and balance sheet reductions from the Federal Reserve in 2018 sucked up global U.S. Dollar liquidity and put emerging markets under immense pressure in 2018.Emerging market equities were 20-30% lower from February through October, then the S&P played catch-up to the downside.
Jan 27, 2021 10:40 AM EST DOUG KASS The Fundamental Difference Between Being Short GameStop and Tesla. Many are becoming hyperbolic and are ignoring the facts I am seeing some comparisons made between (GME) and (TSLA) on the chat sites, on Twitter and e. @realmoney Mar 25, 2021 09:55 AM EDT DOUG KASS The Unfortunate Aftermath of Speculation. Novice traders will likely now flee the markets For months I have argued - with fellow contributors and with the Twitter community - that the wanton speculation in worthless gewgaws. The latest tweets from @DougKass.
Jim Cramer
Cramer founded TheStreet in 1996 and writes daily market commentary for Real Money Pro. In addition to hosting Mad Money with Jim Cramer on CNBC, he manages Action Alerts PLUS, an investing club that follows positions and trades of his charitable portfolio. Cramer graduated magna cum laude from Harvard, and after several years as a newspaper reporter, he returned to earn a law degree. Instead of practicing law, Cramer joined Goldman Sachs and went on to manage his own hedge fund. He retired from active money management in 2000 to embrace media full time and has authored seven books on investing.
Doug Kass
Kass cut his teeth as an investigator and truth-teller as a member of 'Nader's Raiders,' Ralph Nader's crusaders for consumer protection and safety. Kass held senior positions at brokerages, hedge funds and other institutions for the next three decades, before launching his own hedge fund, Seabreeze Partners Management, where he is currently President.
Dawn Kawamoto
Kawamoto is an award-winning journalist who has written technology business stories for such publications as CNET's News.com, AOL's DailyFinance and The Motley Fool. More recently, she served as associate editor for technology careers site Dice.com.
Paul Price
Twitter jj abrams.Price has worked for Merrill Lynch, A.G. Edwards, Wachovia Securities and Ferris Baker Watts during his Wall Street years. He was among the most successful retail brokers and equity option traders at each of those firms.
The Berkshire Hathaway thesis I just heard on CNBC makes very little sense based upon the empirical evidence. As such, it is a silly narrative and an ill advised reason for suggesting a valuation reset. Snowflake is a minimal investment for Berkshire relative to its asset base. The promoter of the thesis suggests Warren's $AAPL (Apple) investment is further evidence that the company is no longer investing in traditional, non technology investments.
Memo to Berkshire Bull: the Apple investment was made three years ago - when some envisioned Apple as a value play (at less than 15x PE). As to why he is not likely selling Apple now - though it is a large portion of the company's investment portfolio - probably has more to do with not wanting to pay taxes on $60 billion of unrealized gains than a desire to be invested in even greater amounts in technology. (If so, Buffett would probably have added to tech stocks in March 2020 when stocks were beaten down). He did not.
Doug Kass Articles
Paint roller clever paintbrush. Furthermore, Todd and Tedd have been given alot more money to manage at Berkshire in the last few years - yet there have been few individual new technology investments. Will Berkshire expand tech holdings in the future? Maybe, maybe not - but neither Apple nor Snowflake is evidence of such a future or fundamental change in Berkshire's investment strategy.
Real Money Pro Doug Kass
Doug Kass Seabreeze Partners
via twitter
