Amazon, Facebook and the rest of the FANG group have been hot stocks for years, driven by momentum investors excited about the disruption the companies have caused.
Klarman On
the danger of Chinese leverage
Discipline while value investing in bubby times
However, what goes up must come down, as momentum investors have been finding recently. Investors who didn't buy Facebook or Amazon stock before they shot up in price may have been kicking themselves earlier this year, but Baupost chief Seth Klarman explained recently why...
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