From Whitney Tilson:
I hosted a webinar yesterday in which I gave a brief overview of the economy and the housing market, what worries us, our view of the stock market, and the opportunity in large-cap blue-chip stocks today. I then disclosed our 12 largest long positions and discussed three of them: Berkshire Hathaway, J.C. Penney, and Netflix. During the Q&A, I answered questions on why we’re bullish on the U.S. financial sector and, in particular, Citigroup and Goldman Sachs; why we share Kyle Bass’s bearish view on Japan; and why we don’t own Apple.
Historically, the Chinese market has been relatively isolated from international investors, but much is changing there now, making China virtually impossible for the diversified investor to ignore. Earlier this year, CNBC pointed to signs that Chinese regulators may start easing up on their scrutiny of companies after months of clamping down on tech firms. That Read More
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