One of the Smartest People on Wall Street Is Buying These 3 Stocks -- Should You Follow?
Norwegian hedge fund manager Ole Andreas Halvorsen is one of the world's most highly regarded investors. He's also worth following because he tends to run a relatively concentrated portfolio -- slightly more than 50% of Viking Global Investors holdings are in the top 10 stocks -- so his stock picks are highly relevant. With this in mind, let's take a look at three stocks Viking added in the last quarter.
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Halvorsen is clearly someone who backs the conviction of his approach, because the three stocks bought in the period in question spent much of it underperforming the S&P 500 index. In other words, it appears that Viking responded to the declines by buying the stocks because their long-term fundamentals remain sound despite market jitters.
Source Fool.com
