'Who am I to be bold?' Warren Buffett's lack of stock purchases worries billionaire investor Leon Cooperman
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Warren Buffett's lack of stock purchases during the market meltdown is a red flag for Leon Cooperman, the hedge-fund billionaire said in an email this week,"Who am I to be bold?" the Omega Advisors chief asked, when the "greatest investor in my generation" isn't buying.
Buffett's Berkshire Hathaway made only $1.8 billion in net stock purchases in the first quarter, and netted $6.1 billion from stock sales in April. Cooperman shared several concerns about the coronavirus pandemic's long-term impacts, and argued the S&P 500 was about 10% overvalued, Benzinga said.
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