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Hedge fund legend Julian Robertson says Apple is 'not that expensive of a stock'

9 days ago   |   By

CNBC Is Apple, now trading near all-time highs with a market cap of $833 billion, overpriced?
Hedge fund legend Julian Robertson, who has several decades of investing under his belt, doesn't think so.
"I think we should definitely look at Apple," Robertson told an audience of Wall Street money managers at the Delivering Alpha conference on Tuesday, September 12. "Apple is not that expensive of a stock."
Robertson also believes Facebook, Google, and Netflix have plenty of room to run, giving an endorsement to most of the high-flying tech stocks that comprise the acronym FAANG. The stock he...
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An investing legend who's nailed the bull market at every turn says betting on the VIX is a 'quick way to lose money'

An investing legend who's nailed the bull market at every turn says betting on the VIX is a 'quick way to lose money'

9 days ago   |   By

CNBC Betting against stock market volatility is one of the hottest trades in the market.
It's also one of the most controversial, with many pundits viewing it as increasingly vulnerable to a market blowup.
Legendary investor Laszlo Birinyi - who has nailed the eight-year bull market at every turn - is staying out of the fray completely. Having experienced considerable success simply trading on the benchmark S&P 500 index and evaluating stocks on an individual basis, the president of Birinyi Associates views the whole exercise as pointless.
In an interview with Business Insider, Birinyi...
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