Paul Singer (Elliott Management)

[winston]

Billioniare Paul Singer warns of the 'biggest bubble in the world'

Billionaire hedge fund manager Paul Singer, founder of the $27 billion Elliott Management, called the bond market “the biggest bubble in the world.”

Speaking at the CNBC Delivering Alpha Conference, Singer’s best idea to the room of investors was to sell their bonds.

“I think owning medium to long-term G-7 fixed income is a really bad idea. By removing these things that are bad ideas, that’s a helpful think. Sell your 30-year bonds. ”

The bond market is $60 trillion. Right now, nearly $10 trillion in fixed income is negative yielding. He added that these prices and yields contain a “tremendous, never-before seen asymmetry between potential further reward and risk.”

Another investment Singer favors right now is gold.

He thinks that the precious metal is “underrepresented in many portfolios as the only money and store of value that has stood the test of time.”

He added that at current prices gold is “undervalued.” For Singer, owning gold is “opposite confidence in central banks.”

Singer is among a number of hedge fund managers who have become increasingly vocal against central bank policy. He said that central banks have created a “tremendous increase in hidden risk.”

Earlier at the conference, Bridgewater’s Ray Dalio warned of the diminishing returns on the increasing amounts of debt being accumulated by the world’s central banks.

“There’s only so much you can squeeze out of the debt cycle,” he said.

Source: Yahoo Finance

[winston]

A $33 billion hedge fund shared 5 lessons that have shaped how it invests

by Rachael Levy

Here are the five pieces advice, which the fund said came in no particular order:

1. "No security price is too high (or low) that it cannot go higher (or lower);

2. Turns in markets are impossible to time;

3. Big changes in market prices frequently occur far in advance of when the reasons for the changes become apparent, and by then it is too late to incorporate the new information into one’s trading at the old prices;

4. One of the most important reasons to avoid significant losses, is to avoid the painful and sometimes terminal effect of severe adversity on the quality of money managers’ decision-making processes; and

5. A wide and deep education about the world, not just about capital structures, corporate business strategies and industry dynamics, is essential to the long-term success of money managers."

Source: Business Insider

https://finance.yahoo.com/news/33-billi ... 17218.html

[winston]

Tech Stocks: Here’s 4 of Paul Singer’s Favorites

By: Christian Tharp, CMT

1. NXP Semiconductors NV (NASDAQ:NXPI)
2. Citrix Systems, Inc. (NASDAQ:CTXS)
3. CDK Global Inc(NASDAQ:CDK)
4. Dell Technologies Inc (NYSE:DVMT)

Source: Tech Stock Sensei

http://techstocksensei.com/2017/11/tech ... -nxp-dell/

[behappyalways]

Man who warned of the coronavirus crisis months ago says ‘gut’ tells him ‘a 50% or deeper decline,’ in stock market from the February top likely
https://www.marketwatch.com/story/man-w ... yptr=yahoo

[behappyalways]

The world’s most feared investor heads for showdown over nickel
https://www.mining.com/web/the-worlds-m ... er-nickel/