Jeff Ubben of ValueAct spoke at the Reuters summit from yesterday – the full 76 minute audio below – first some highlights where he discusses market environment, allocation, too much money in alternatives, problems in activist investing, bubbly large caps, the risks of inflation and more.
ValueAct Capital Hit By Valeant, Rolls-Royce, Has ..
ValueAct’s Jeff Ubben Is Selling On “Overextended Valuations”, Builds $3 Billion Cash Pile https://t.co/uvfMoJBsU4
— zerohedge (@zerohedge) February 23, 2017
ValueAct’s Ubben ‘disinvesting’ because of high valuationshttps://t.co/7t25SOCaHT w @jennablan @trhunnicutt #ReutersLive #corpgov $MS $SNAP pic.twitter.com/89sRCg6Y7F
— Lawrence Delevingne (@ldelevingne) February 23, 2017
Ubben: “the hedge fund activist is a big problem” in driving for short term, doesn’t know biz. Adds that media is complicit #Reuterslive
— Lawrence Delevingne (@ldelevingne) February 22, 2017
Ubben: “at these extremes the stock market is usually baiting you to do the wrong thing” #reuterslive #corpgov
— Lawrence Delevingne (@ldelevingne) February 22, 2017
Ubben: “the hedge fund activist is a big problem” in driving for short term, doesn’t know biz. Adds that media is complicit #Reuterslive
— Lawrence Delevingne (@ldelevingne) February 22, 2017
Ubben: “There’s a sweet spot in this business” @ age 42-55 as one acquires tremendous intuition. Decision-making not that sharp after that.
— Jennifer Ablan (@jennablan) February 23, 2017
Ubben: “everything about Trump I think is inflationary” #reuterslive
— Lawrence Delevingne (@ldelevingne) February 22, 2017
Valeant Pharmaceuticals: Ackman And Ubben Dig In
Ubben: “There’s so much money that has gotten into alternatives which has inflated small, mid cap and large caps” #ReutersLive #Bearish
— Jennifer Ablan (@jennablan) February 22, 2017
ValueAct’s Ubben on activism today: “large cap activist plays are very treacherous” #ReutersLive
— Dawn Giel (@DawnGiel) February 22, 2017
.@FlahertyReuters with Ubben & Hilal now talking #corpgov #reuterslive pic.twitter.com/utsJziCWXc
— Lawrence Delevingne (@ldelevingne) February 22, 2017
Jeffrey Ubben: “I really feel that the large cap activist plays are very treacherous with high PEs and not a lot of growth” #ReutersLive
— Jennifer Ablan (@jennablan) February 22, 2017
