Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Leon Cooperman, Omega Advisors, Shuns Bonds

Bloomberg reports Leon Cooperman, the founder and manager of Omega Advisors, told investors Tuesday at Value Investing Congress in New York that he “wouldn’t be caught dead owning a U.S. government bond.”


Cooperman says He is ‘Too Smart to Play That Game’

Cooperman has been in finance for almost 50 years, starting his career at Goldman Sachs in the late 1960s. Roughly 20 years ago, he started his fund Omega Advisors. Cooperman explained his reasoning saying that investors should avoid Treasuries because yields are at record lows. “Not because I have a problem with the credit. I have a problem with paying 35 percent on the 2 percent to Uncle Sam, and then have a 2 to 3 percent rate of inflation,” he said. “It’s confiscation of my capital. I think I’m too smart to play that game.”

Leon Cooperman Prefers Stocks

Leon Cooperman thinks that stocks are the better bet all around. He told investors at the Congress “Stocks are cheap relative to history, relative to inflation, relative to interest rates,” he said. “The recent facts suggest the economy is accelerating moderately.” Cooperman finished by recommending 10 stocks: Apple Inc. (AAPL), Boston Scientific Corp. (BSX), KKR Financial Holdings LLC (KFN), Qualcomm Inc. (QCOM), SLM Corp. (SLM), Transocean Ltd. (RIG), E*Trade Financial Corp. (ETFC), Sunoco Inc. (SUN), ACE Ltd. (ACE) and Energy XXI (Bermuda) Ltd. (EXXI).

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.