2 Growth Stocks the Smartest Investors Are Buying in a Bear Market
Not many professional investors manage to beat the market on a regular basis. In fact, more than half of large-cap equity funds underperformed the S&P 500 through the first half of 2022, and a whopping 85% underperformed in 2021. But hedge fund managers Jim Simons and Karthik Sarma bucked the trend. Both investors beat the S&P 500 over the last three years, and that makes them a good source of inspiration.
The most important thing investors should know is that both fund managers bought stocks throughout the bear market. Last year, Simons increased his stake in Amazon (NASDAQ: AMZN) more than 76-fold, making the e-commerce company his second-largest holding. Meanwhile, Sarma added more modestly to his position in Netflix (NASDAQ: NFLX), though the streaming giant still ranks as his fourth-largest holding.
Is it time to open positions in these two growth stocks smart investors are buying?
Source Fool.com
