Just noting this via Reuters on Jeffrey Ubben, CEO of activist investor ValueAct Capital, now holding $3 billion in cash
- Says his firm has been taking money out of the capital markets as valuations have become overextended
- "large-cap activist plays are very treacherous with high PEs (price-to-earnings) and not a lot of growth"
More at this Reuters piece, including his outlook for the new Trump administration
--
One of these days we'll get a lower close in the US equity markets. ;-D