I do not have any informed opinion on IQV but Josh Brown pitches every idea with such confidence because of charts and clearly doesn’t know much fundamentally. With IQV he says “I think it’s around a $25-26B market cap” when in fact it’s ~$46B! Okay one can make mistakes but as Doug reinforces so effectively the BS on CNBC is so cheerleader-oriented everyday with such little depth. I’ve managed money for nearly three decades and humility is key in this humbling business. I don’t think anyone on the Halftime Show embraces humility but they are all exceptionally gifted at promotional hype to gather assets. When (not IF) we have another 2022 (or perhaps 2000), I will look forward to witnessing some humility from the panelists but the expectation bar is low…
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box."
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