Value/activist investors taking a beating on year to date (YTD) performance.

David Einhorn’s Greenlight Capital down 14% YTD (~$1.4 Billion)

Bill Ackman’s Pershing Square down 4.3% YTD (~$621 Million)

Leon G. Cooperman’s Omega Advisors down 11%-August month alone

Buffett loses $11 Billion USD

Ray Dalio loses $3 Billion USD in his All Weather Fund ($80 Billion or half of the total $160 Billion AUM in Bridgewater Associates)

-Despite these unforeseen events, Buffett made two huge transactions weeks before.

1. Acquisition of Precision Castparts (metal fabricator) worth $32 Billion
2. Added 296% in his Phillips 66 (oil refiner) stake worth $4.5 Billion (Buffett increased his % ownership from 0.55% of his portfolio to 2.18% representing 296% jump.)

Prior to this, Buffett had been sitting on Cash (as noted in the Forbes article) of $55 Billion on December 2014.

Just proves his the shrewd quote, “be fearful when others are greedy, and be greedy when others are fearful.”


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