Billionaire says it's a stock picker's market - stay away from broad index and ETF investing.
Trading Strategies
July 28, 2021
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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.”
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