Value/activist investors taking a beating on year to date (YTD) performance.

David Einhorn’s Greenlight Capital down 14% YTD (~$1.4 Billion)

Bill Ackman’s Pershing Square down 4.3% YTD (~$621 Million)

Leon G. Cooperman’s Omega Advisors down 11%-August month alone

Buffett loses $11 Billion USD

Ray Dalio loses $3 Billion USD in his All Weather Fund ($80 Billion or half of the total $160 Billion AUM in Bridgewater Associates)

-Despite these unforeseen events, Buffett made two huge transactions weeks before.

1. Acquisition of Precision Castparts (metal fabricator) worth $32 Billion
2. Added 296% in his Phillips 66 (oil refiner) stake worth $4.5 Billion (Buffett increased his % ownership from 0.55% of his portfolio to 2.18% representing 296% jump.)

Prior to this, Buffett had been sitting on Cash (as noted in the Forbes article) of $55 Billion on December 2014.

Just proves his the shrewd quote, “be fearful when others are greedy, and be greedy when others are fearful.”

References

http://www.nytimes.com/2015/09/01/business/dealbook/greenlight-capital-down-14-for-year-david-einhorn-surveys-investors.html?_r=2

http://www.wsj.com/articles/david-einhorns-greenlight-takes-a-beating-in-august-1441063824

http://www.wsj.com/articles/why-warren-buffett-isnt-buying-into-phillips-at-the-top-1441029418

http://www.wsj.com/articles/berkshire-hathaway-builds-stake-in-refiner-phillips-66-1440881284

http://www.wsj.com/articles/in-precision-castparts-deal-warren-buffett-finds-his-type-of-ceo-1439243049

http://www.reuters.com/article/2015/09/03/us-hedgefunds-bridgewater-idUSKCN0R328620150903

http://fortune.com/2015/09/03/warren-buffett-lost-11-billion/?xid=nl_daily

http://www.forbes.com/sites/investor/2014/08/12/five-stock-ideas-for-buffetts-55-billion-in-cash/

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