David I Kass | Source | Clinical Professor of Finance at University of Maryland, Robert H. Smith Scho...
David I Kass
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University of Maryland, Robert H. Smith School of Business
Clinical Professor of Finance
started May 2004
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Buffett's Strategic Stock Sales: Preparing for Leadership Transition
David suggests Buffett's sale of Apple shares indicates he believes it's fully valued, yet it remains Berkshire's largest holding. Reductions in Bank of America and Citigroup stakes, along with cash accumulation, prepare for Greg Abel's CEO succession. "The sales of Ulta Beauty and Nu Holdings were most likely those of his portfolio managers." -
Warren Buffett: The Most Trusted Investor for Americans
David recommends Warren Buffett, citing his 20% annual return at Berkshire Hathaway since 1965. "Buffett has a reputation of being extremely honest." In contrast, Elon Musk's investments, like Twitter, have underperformed, and Mark Cuban lacks a major public investment vehicle. -
Finance Professor Mirrors Buffett's Success
David I Kass, Finance Professor, attributes his stock market success to following Warren Buffett's investment strategies, resulting in a portfolio that outperforms the S&P 500.
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This year has changed that. With tightening monetary policy, slowing economic growth and sustained supply-chain disruptions putting markets on edge, Mr. Buffett is in his element, said David Kass, a finance professor at the University of Maryland’s Robert H. Smith School of Business. “This is what I’d consider to be Warren Buffett’s sweet spot,” Mr. Kass said. “The almost wholesale selling in the market has provided Berkshire an opportunity to buy securities at bargain prices.”
"Warren Buffett Spends Big as Stock Market Sells Off," by Akane Otani, Wall Street Journal, May 16, 2022 -
2019 is likely to lead to another record year for the S&P 500. Corporate profits continue to grow and interest rates remain at historically low levels – even after three or four quarterly increases of a quarter percent by the Federal Reserve.
