What do these well-known investors expect in 2023?
— Jon Erlichman (@JonErlichman) January 8, 2023
Ray Dalio
Bill Ackman
Michael Burry
Cathie Wood
Dan Loeb
Carl Icahn
John W. Rogers Jr.
John Paulson
Bill Miller
Warren Buffett
Here’s more on their views… pic.twitter.com/31127LEEm2
Bill Ackman made a huge profit by hedging against interest rate hikes.
— Jon Erlichman (@JonErlichman) January 8, 2023
He’s skeptical inflation will return to the Fed’s target anytime soon.
But he thinks the appetite for stocks may return later this year if inflation eases enough to justify a new course for interest rates. pic.twitter.com/82BjWi88ee
Cathie Wood remains bullish on growth stocks…
— Jon Erlichman (@JonErlichman) January 8, 2023
…adding to holdings like Telsa, Coinbase and Zoom.
“If you look at the fundamentals of our companies, the growth rates are still far superior to that in the general economy,” Wood told me in an interview.pic.twitter.com/fZKOE0b3CI
Carl Icahn made headlines, saying…
— Jon Erlichman (@JonErlichman) January 8, 2023
“The worst is yet to come,” at an investor conference in the fall.
“We printed up too much money, and just thought the party would never end. And the party’s over.”
Icahn sees the bear market continuing and says the U.S. is in a recession. pic.twitter.com/gNopOHSSdX
There’s housing market uncertainty.
— Jon Erlichman (@JonErlichman) January 8, 2023
But John Paulson does not expect a collapse like what we saw in 2008.
He does, however, think that gold will eventually shine…
…when faith in the Fed’s ability to control prices erodes, pushing up long-term inflation expectations. pic.twitter.com/9dvcGAt5Ax
Warren Buffett doesn’t make short term predictions.
— Jon Erlichman (@JonErlichman) January 8, 2023
“We have never timed anything,” he noted last year.
But he tends to embrace periods of uncertainty.
He wrote in 2008 “bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked down price.” pic.twitter.com/TOAWSzTP37
