By Yun Li, Markets and Investing Reporter, CNBC
JUN 29, 2021
Billionaire investor Leon Cooperman said Tuesday that stock picking is key to superior returns going forward as the overall market has grown stagnant after a historic rebound from the pandemic hit.
“In terms of my long-term outlook, to be honest with you, stocks are the best place to be, but I just wouldn’t expect much from the major averages,” Cooperman said at CNBC’s Financial Advisor Summit. “I’m prepared to be in that kind of environment where I have to stock pick my way to success.”