ABX:CC - Billionaire Investors Are Buying These 3 Sectors Hand Over Fist
2024-03-14 07:15:00 ET
Summary
- Big tech and Bitcoin have soared to start 2024, while many other sectors have floundered.
- However, some of the world's leading billionaire investors - such as Buffett, Schwarzman, and Druckenmiller - are pouring capital into overlooked sectors.
- We discuss three of them here along with what these billionaires and we are buying.
So far in 2024, mega-cap stocks (a.k.a. the "Magnificent Seven") as well as Bitcoin ( BTC-USD ) have consumed most of the investing limelight due to the tremendous total returns that they have been generating. In particular, Nvidia has led a surge in AI-related stocks during its historic run. At the same time, Bitcoin's epic rally has spurred the likes of Michael Saylor of MicroStrategy ( MSTR ) to confidently assert that it will “eat gold“ on its way to becoming not only the dominant digital asset but also the world's favorite medium of exchange in store of value....
Billionaire Investors Are Buying These 3 Sectors Hand Over Fist