Billionaire Ray Dalio: This is the ‘Biggest Mistake’ that Most Investors Make (CNBC)
For new investors, approaching the stock market can be confusing. Where should you start? When is a good time to buy? How can you minimize the risk of losing money? Ray Dalio, the founder of the world’s largest hedge fund, says the first thing to learn about investing isn’t a complex trading strategy, but a simple lesson from history: Cycles repeat themselves. “People have to understand that bubbles occur and are followed by busts,” Dalio tells CNBC Make It.
In Big Blow to Activist Third Point, Campbell Heirs to Stand with Company (CNBC)
Campbell Soup heirs who hold roughly 41 percent of the company’s shares came out in support of the soup company on Wednesday in its battle with activist investor Dan Loeb. The descendants include Charlotte C. Weber and current board members Bennett Dorrance, Mary Alice Dorrance Malone and Archbold van Beuren. Their support represents a significant blow to Loeb’s Third Point hedge fund, which has been pushing to oust all 12 of Campbell’s directors at its Nov. 29 shareholder meeting.
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Edward Lampert, the Hedge-Fund Star Who Bet on Sears, Is Unrepentant (The Wall Street Journal)
A day after Sears Holdings Corp. filed for bankruptcy protection, the hedge-fund manager who bet his career on the retailer addressed nearly 1,000 employees gathered at its somber headquarters. Edward Lampert told the crowd it was the second most difficult speech of his life. “The first was having to speak at my father’s funeral” at age 14, he said.
The Back Channel That Can Get You a Hedge Fund Job at Point72 (News.eFinancialCareers.com)
Landing a job on the buy-side immediately out of school is a difficult climb. Those seats are typically saved for Ivy League graduates with otherwise flawless resumes. However, a new trend may be brewing that provides students who likely wouldn’t be on a hedge fund’s narrow radar an avenue. Point72 Asset Management is the latest hedge fund to offer an online competition that gives a few select winners the chance to enter their recruitment channel and potentially earn a full-time offer.
Insider Buying: Select Interior Concepts (NYSE:SIC) Major Shareholder Buys 66,279 Shares of Stock (FairFieldCurrent.com)
Select Interior Concepts (NYSE:SIC) major shareholder Brc Partners Opportunity Fund, purchased 66,279 shares of the business’s stock in a transaction dated Monday, October 8th. The shares were acquired at an average price of $10.55 per share, for a total transaction of $699,243.45. The acquisition was disclosed in a filing with the SEC.
Insider Selling: American Financial Group Inc (AFG) CEO Sells 181,000 Shares of Stock (PressOracle.com)
American Financial Group Inc (NYSE:AFG) CEO Carl H. Lindner III sold 181,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $113.49, for a total value of $20,541,690.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Insider Buying: Air T, Inc. (AIRT) CEO Purchases 30,000 Shares of Stock (MareaInformativa.com)
Air T, Inc. (NASDAQ:AIRT) CEO Nicholas John Swenson acquired 30,000 shares of the stock in a transaction dated Friday, September 28th. The shares were bought at an average price of $33.55 per share, with a total value of $1,006,500.00. Following the completion of the purchase, the chief executive officer now directly owns 40,307 shares of the company’s stock, valued at approximately $1,352,299.85. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Insider Buying: Odonate Therapeutics Inc (NASDAQ:ODT) CEO Acquires 40,000 Shares of Stock (FairFieldCurrent.com)
Odonate Therapeutics Inc (NASDAQ:ODT) CEO Kevin C. Tang acquired 40,000 shares of Odonate Therapeutics stock in a transaction on Friday, September 28th. The shares were purchased at an average price of $19.16 per share, for a total transaction of $766,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Selling: Karyopharm Therapeutics Inc (KPTI) Insider Sells 12,500 Shares of Stock (PressOracle.com)
Karyopharm Therapeutics Inc (NASDAQ:KPTI) insider Sharon Shacham sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $15.75, for a total value of $196,875.00. Following the completion of the sale, the insider now directly owns 715,274 shares in the company, valued at approximately $11,265,565.50. The transaction was disclosed in a filing with the SEC.
