Elliott Management’s Paul Singer is worried about the structure of financial markets. In Paul Singer’s second quarter letter to Elliot investors, a copy of which has been reviewed by VallueWalk, the billionaire contemplates how markets today are now ruled by central banks, after years of ultra-easy monetary policy. These policies have resulted in the Swiss National Bank owning global stocks with a market value equal to 23% of the GDP of Switzerland and the Japanese central bank being a top-ten shareholder in 90% of Japanese companies. Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More Passive Investing ETFs Account…
Paul Singer: The Passive Blob Is In “Danger Of Devouring Capitalism”
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk