High-Conviction Stock Picks Held By The Masters of the Universe
People love heroes. We instinctively look up to professional athletes, rock stars, and — against our better judgment — even politicians at times.
The world of investments is no different. We mortals fawn over billionaire hedge fund managers as if they truly were the masters of the universe. Frankly, given the returns that some of these gentlemen generate, I’m not so sure they don’t deserve it.
Today, we’re going to take a look at stocks held by seven of my favorite gurus: George Soros, Carl Icahn, Warren Buffett, Mohnish Pabrai, Seth Klarman, David Tepper and Bill Ackman.
Of course, the usual caveats apply. No matter how successful a manager is, it’s never a good idea to blindly follow their investments. By the time you or I get access to their trading moves, the data is often already weeks old. And for all we know, they may be selling it by the time we buy. Plus, as managers are not required to report short positions, we also have no insight as to whether a stock might be a part of a long/short pair trade.
Thus, I try to view guru screens like these as a starting point for further research rather than as a simple buy list.
And with that said, let’s jump into it.