Published on 27 Oct 2021 on Insider Monkey via Yahoo Finance
10 Best Stocks to Buy According to Billionaire Kerr Neilson
In this article, we will take a look at billionaire Kerr Neilson’s investment strategy and portfolio performance. We also reviewed the 10 best stocks to buy according to billionaire Kerr Neilson. You can skip our detailed discussion about Kerr Neilson’s investment philosophy, past performance, and portfolio management and jump directly to 5 Best Stocks to Buy According to Billionaire Kerr Neilson.
Billionaire Kerr Neilson, the co-founder of $16 billion Platinum Asset Management, is regarded as one of the most successful investment managers and often compared to Warren Buffett due to his value-based contrarian stock-picking strategies. Johannesburg-born Australian billionaire bought his first stock at the age of 13. After earning a bachelor's of commerce degree from the University of Cape Town, he moved to Australia and worked for Bankers Trust Australia Ltd. In 1994, with the financial backing of legendary George Soros, he founded Platinum Asset Management, an Australia-based hedge fund specializing in global equities. Kerr Neilson, 71, who is ranked among Australia's 50 richest people since 2010, is now sitting on a net worth of $1.2 billion.
His top ten stocks holdings include Westinghouse Air Brake Technologies Corporation (NYSE:WAB), The Mosaic Company (NYSE:MOS), General Electric Company (NYSE:GE), Barrick Gold Corporation (NYSE:GOLD), and Louisiana-Pacific Corporation (NYSE:LPX).