"Young Turk" Okumus Buys Valeant And LifeLock

The “Young Turk” Ahmet Okumus, who dreamed of being a hedge fund trader as a young child in Turkey, is not intimidated by a down stock market and appears to understand that when blood is on the street, and those around a stock are afraid, is not the time to sell, but rather the time to buy.

Okumus buys Valeant "heavy"

Buying with blood on the street is exactly what the Young Turk did last week, according to a Bloomberg interview in which he was reported to have gone “very heavy into the stock of Valeant Pharma, according to a Bloomberg interview. It’s all about free cash flow, Okumus said, saying that even conservatively Valeant is worth...