Leon Cooperman: Buy A Combination Of Things That Are Working And Not Working

In his latest interview with the Miami Herbert Business School, Leon Cooperman discussed the opportunities that he looks for. Here’s an excerpt from the interview:

He’s [Warren Buffett] rubbed off of me and he’s a value investor. He’s a long-term investor which I do. I very rarely buy anything that doesn’t have earnings and I buy below market multiples…

I’ve said to the young people working for me if every stock we own is going up and it’s on a new high list that means you’re a momentum investor.

If everything you own is in the new low list and going down you’re out of business, and I have a combination of things that are working and things are not working.

I’m much more inclined to buy things that are not working because I like to buy things that are out of favor, they’re cheap.

You can watch the entire interview here: