Seth Klarman Getty Images Billionaire hedge fund manager Seth Klarman defended value investing, saying in a letter to clients that several factors, including the proliferation of passive investing, have created market mispricings that will soon lead to a payoff for the long underperforming strategy. Klarman, the CEO of the Baupost Group, said his fund posted
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InterContinental Hotel in Toronto, Ontario, Canada. Roberto Machado Noa | LightRocket | Getty Images If investors want their finger on the pulse of the coronavirus threat, they can look no further than InterContinental Hotels Group. The London-based hotel chain is largely exposed to threats to international travel. InterContinental’s Asia Pacific revenue was down 27% year-over-year
“Shark Tank” investor and Dallas Mavericks owner Mark Cuban is still a big Netflix bull after its weak guidance and subscriber miss. “I haven’t sold any shares and I’m still very bullish on it,” Cuban said Wednesday on CNBC’s “Fast Money Halftime Report.” “They always offer weak guidance and it’s always been the discussion the
Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. Aly Song | Reuters The very short-sellers that Elon Musk skewers frequently for betting against Tesla could ironically help the eccentric chief executive score a big payday. Nearly a fifth of Tesla
Marco Pistoia, Global Technology’s Head of Applied Research and Engineering at JP Morgan. Source: JP Morgan J.P. Morgan Chase has hired a veteran IBM researcher to lead a new group working on emerging technologies including quantum computing. Marco Pistoia, who spent 24 years at IBM and managed a team responsible for quantum computing algorithms, is