Whitney Tilson Thanks Mr. Market for $NFLX Dropping 14% Today

    Where others are dropping Netflix shares, hedge fund manager Whitney Tilson is snapping them up.

    Quotes below:

    “When something gets cheaper and the story stays the same we add to it,” the managing partner of T2 Partners told CNBC Tuesday. “We don’t look to the market for signals. We do our own analysis. Right now the stock started the year under $70 and it’s up 30 percent, one of our biggest winners. The market’s giving us a gift. So thank you, Mr. Market.”

    Seth Klarman: Investors Always Need A Strategy To Guide Them

    Volatility"Many investors lack a strategy that equips them to deal with a rise in volatility and declining markets," Seth Klarman told his audience in a speech at MIT in 2012. Q3 2020 hedge fund letters, conferences and more Klarman was talking about the benefits of having a strategy, such as value investing, to provide a Read More

    “We didn’t see anything that troubled us in the earnings report,” said Tilson, noting the second quarter is “always weak and if you look at the earnings, showing the seasonality. We’re not spooked.”

    Visit msnbc.com for breaking news, world news, and news about the economy