3-19689. WoW! I do agree with Leon that it would nice to have a better set of choices, but that ship has already sailed. BLM, Antifa, etc) when he made his wealth from capitalism. 20. I don’t think who he is voting for is any of our business. PENIS ENVY. Never going to hear him say that on CNBC. AMC TV (AMCX) Need more interviews like this. Navigant is my student loan servicer. Legendary investor Leon G. Cooperman, chairman and CEO of Omega Family Office, Inc., joins Real Vision managing editor Ed Harrison for a conversation about his career journey from Goldman Sachs to founding his hedge fund, Omega Advisors, and later converting it into a family office. The frank talk and how it is. Yes, there are inheritances and such, but the majority of wealth is created. Great job. Thanks. I do not think I will be in his tax bracket. Cooperman has a net worth of $2.5 billion, according to Forbes ’ estimates. One of the few, well-reasoned moments in a great talk. Fired up then. Appreciated the politics. When Leon Cooperman’s parents left Poland to immigrate to America it was to have the opportunity to build a better life for themselves and for their family. not sure he'd be any more forthcoming now than he was then. I loved Mr. Cooperman's editorial on the "American Politics" section, except I don't hold out hope for Biden to convince me of anything after serving 48 years as an inept politician. Far too often this seems to be the case which should make the benefactors turn over in their graves. DLS, Most enjoyable interview. Be very careful that your wealth does not directly or indirectly (through ignorant heirs) fall into the hands of left-wing ideologues. Awesome experience sharing ideas from Mr Cooperman. Not the uber-wealthy for sure. "She's a communist. As a general rule, the uber-wealthy have effected monopoly and rentier practices of wealth extraction from the state. Leon Cooperman is an inspiration for those pursuing the American dream. Based on his comments, would love to hear Cooperman's thoughts on the debate last night. Will we have the transcript?? perfect summary of this interview. brilliant interview... loved Mr Cooperman. I really enjoy hearing the white-haired wisdom of these investors that have been through many market cycles. I strongly disagree with working for the government for 6 months to fund those idiots. My best, I believe President Trump loves President Trump. Would be great to hear him on this platform, seems to be comfortable. I'm from Long Island and appreciate the style of discourse that Mr Cooperman uses. Makes for a very fine interview-- lively, combustible, and still very respectful. Doesn't matter if one agrees or disagrees. DLS. Ha Ha, "wrote in Mitt Romney" Mr. Cooperman, u are one smart cat - that's a compliment. Good interview, but once he started talking politics it went down hill. Mr. Cooper (COOP) Mr Cooperman is right. I realy enjoy interview with smart legend. Fantastic. Enormous respect for the great market wisdom, entertaining backstory and impressive accomplishments, but the glaring philosophical inconsistencies triggered my bruxism big time! The 2/20 model for hedge funds is outdated and not working, so another reason for moving to a family office is that you don’t have to deal with outside investors and you can get 100% of the returns. Also, entertaining in it's own way to hear him use the phrase "p#^!$ envy" in regards to the wealthy like Bezos and Gates. I don't say it as an insult, it's her political views.". Maybe a dental guard or tolerance of other people's views would be helpful. You get rich through your own efforts, largely. Great job. It is important to be reminded of the American Dream and a person who made it happen. Another subscriber may know. That is why I don't get the envy either - it should inspire someone, not make them turn to petty jealousy. Agreed. I look forward to the next interview of Mr. Cooperman. Well, Leon Cooperman is not dead, and is feeling his least grumpy in years. I wonder what Lee would say about Biden’s “comportment.”. It’s interesting to listen to these guys and picture how things were when they started out. Can't sit on the fence, Ed. From Portfolio Strategist to Hedge Fund Manager. The financial disasters are created by governments. Navient looks pretty attractive at the current price. You know what Mr. Cooperman's position is. If you end up being bitter and jealous, you are just shortchanging your own future in the process. lol. This is why I pay for thé service. I think Mr. Cooperman's thermostat is my favorite part of the video. Energy Transfer (ET) Hugh Hendry, founder and former CIO of Eclectica Asset Management,…, Published on: September 29th, 2020 • Duration: 52 minutes. i recall he addressed it a bit in his dec 2018 interview with grant williams. Every election comes down to a relative choice, and if you wish to not vote then you have an additional choice as well. RV is the perfect platform for an interview with Leon Cooperman. Ed, I wish you would have covered his fight with the SEC. It reminded me of the grown ups when I was a kid living in the NY metro, and this reminder is a good thing! Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Athene (ATH) The personal anguish and disgust with the current state of affairs in markets and public office are palpable. This interview could have easily been another hour. Staffing Websites by Haley Marketing. Always appreciate a Mr. Cooperman interview. Kudos. Lol he says his portfolio is 10, 11 x earnings but he holds large positions in Microsoft 36 p/e, Google 32 p/e and Amazon 122 p/e. Gets the big hitters that Grant use to interview. So here they are: I would too, Robert. Much appreciated! Thanks, Robert ! You can change your choices at any time by visiting Your Privacy Controls. Most recently Leon Cooperman, decided to close down his hedge fund, Omega Advisors, Inc and start a family office. Great interview and I would enjoy seeing him come back in 6 months. Hmm, how did you allow him to get away with saying Tesla is either a growth play (group 1) or a Robinhood pumped stock (group 2). Does anyone else see the math problem here? For additional information on how to convert from a hedge fund to a family office, please contact: Michael Rosenblatt, President of FON Search and The Quest Organization at: 212-971-0033 or via email at email@example.com, One Penn PlazaSuite 3905New York, NY 10119 Directions, © 2020 The Quest Organization | Site Credits Leon Cooperman wants an answer. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Group 2 I would think, but there are somewho are in love with it too. Tough interview to lead - masterfully done by Ed! Well he did say he is happy, no doubt. Whenever he is on CNBC he is constantly rushed and cannot complete his thoughts. And he still says their cheap. College was worth it, Student loans could be repaid, Wall Street was a innovating and thriving industry. Steven Cohen of SAC Capital Advisors also converted his hedge fund to a family office. Wisdom from pattern recognition, experience, common sense and reason. He was rational in holding back his response to the "who would you vote for" question. Cooperman weighs in on the lasting impact the coronavirus pandemic will have on the U.S. economy … Thank you! He is a value investor (Buy & Hold) so.... IMHO. Regulation can also make it challenging for them to move into other asset classes and investment styles. If he has been holding these positions for 5 years or more, the math would then make sense. Not sure why Coop had to resort to potty talk to describe this. Governments should get out of the economy and allow entrepreneurs to operate in a free market. Most recently Leon Cooperman, decided to close down his hedge fund, Omega Advisors, Inc and start a family office. People who can give a long term perspective that isn’t caught up in the 24 hour trading cycle. Excellent interview! Invite him again soon. I need to go binge on some Rothbard for the sake of my temporomandibular joints. Great to be reminded of the fundamentals of things. Loved many of his common sense messages and his humility about having had to work hard for his success but also be lucky. Sorry, your blog cannot share posts by email. Lee nice to see you . Regulation and compliance can take up a significant amount of money for operating expenses at a hedge fund and those costs continue to increase. Ashland (ASH) It's like taking a mental shower after too much time on Twitter. A gem of an interview in my humble opinion. My view on Biden is he is 100% a puppet and controlled ... trump has many faults but he loves capitalism and the working man. the quality of these interviews is just astounding. underrated comment. Good interview Ed - a thoughtful, sane investment philosophy. Great points he made. The 75-year-old billionaire behind Omega Advisors is converting his shop to a family office by the end of the year. Why didn't you follow up and hold Leon accountable? Warren is one side of the political divide but Cooperman is on the other and it takes two to tango.