Business
Markets are in a bubble, says Tesla seller T Rowe’s Berg – The Australian Financial Review
T Rowe Price’s global equities portfolio manager Scott Berg is calling a sharemarket bubble and has been selling out of electric vehicle maker Tesla, saying the…
Other core tenets include scouring the world for potential winners; finding companies that are benefiting from new trends and developments; embracing contrarian plays; making a place for special opportunities; and knowing when to let go.
For example, Mr Berg was holding Boeing, Airbus and Rolls-Royce which he described as the trifecta of aeroplane and engine manufacturing when COVID-19 hit. They went down a lot and we sold. We just said the industry has changed, the dynamics have changed post COVID,…
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