Loeb said Third Point bought great companies at decent prices and is betting on Disney which is in the throes of transitioning to streaming delivery.
With billions of people around the world confined to their homes for several weeks to stop the spread of COVID-19, the odds of mall defaults climbed.
The billionaire can't find a reason for the FANG and friends to fail that wouldn't hurt non-tech sectors even more. Call it a "clean shirt choice."
Dumping bank shares and investing in a gold miner? It certainly doesn’t sound like a Warren Buffett move, but that’s exactly what he did last quarter.