Cathie Wood Bought SpaceX Stock as Michael Burry Piled Into Palantir Puts. Here's What Each Bet Is Actually Pricing In.
These two famous money managers have different views on valuation.
Overview
There are a small number of money managers whom investors avidly follow. Cathie Wood heads Ark Invest, which markets a number of exchange-traded funds and other instruments, and she gained fame for her early interest in Tesla and her embrace of tech companies with the potential to disrupt industries. Michael Burry became a household name after the publication of Michael Lewis' book The Big Short and the subsequent film of the same name, both of which featured his foresightful decision to short the subprime mortgage bond market ahead of the financial crisis of 2008 and 2009.
Those two money managers take very different approaches to investing. Wood often looks past companies' astronomical valuations, scooping up shares at high prices because she believes in the long-term story of the business. Burry continues to use a strategy of betting against assets he views as overvalued by purchasing puts. Here's what they're saying about two high-profile stocks right now.
Ark Invest CEO Cathie Wood. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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