43-Year-Old Billionaire: No More Bailouts, Stimulus Please
Palihapitiya argued that by putting that money directly in the hands of consumers, it would result in increased spending of those excess dollars.
Palihapitiya argued that by putting that money directly in the hands of consumers, it would result in increased spending of those excess dollars.
Following the so-called “smart money” based on the program’s recommendations doesn’t produce profits for investors over the longer term.
Billionaire investor Ray Dalio warned that the Federal Reserve is artificially inflating markets and normal valuation metrics no longer apply.
In a recent interview, the CEO of $135 billion DoubleLine Capital hit out at what he called “the most incredible fiscal lending ever contemplated."
The founder and chairman of private investment firm Equity Group Investments, said he thinks the capital markets are too willing to see good news.
This frenzied interest in certain high-risk penny stocks has Wall Street veterans at a loss to explain what’s going on, and what to expect.
“We have 50 percent in alternatives. I run a hedge fund book, but I run it as a portable alpha program," says CIO Susan Ridlen.