Reported 7 months ago
Billionaire investors, like Bill Ackman of Pershing Square and David Tepper of Appaloosa Management, look for investments to grow and preserve their assets. Alphabet (Google) is Ackman's choice due to strong ad growth driven by AI investments, undervaluation, and potential for long-term gains. Tepper's pick, JD.com, stands out in e-commerce with infrastructure advantage, improving financial performance, and a low forward P/E ratio, making it an attractive buy for potential market-beating returns in 2024.
Source: YAHOO