One way to think about Covid-19 is as a test of various systems around the world. Markets believe those systems are failing the test.
Slimmon, who makes buying and selling decisions for $5.3 billion in assets, decided the time was right in late January to trim his U.S. tech position.
Their view chimes with Goldman Sachs Group Inc. economists who said in a report Friday that global GDP will shrink in the first half of the year.
Billionaire investor Ron Baron believes Tesla will be worth as much as $1.5 trillion by 2030 despite last week's 27% plunge. He's got a lot at stake