2 Growth Stocks That a Pair of the World's Smartest Investors Are Buying

Jim Simons and Josh Resnick might not be familiar names to many investors, but both hedge fund managers have beaten the S&P 500 over the past three years. During that time, Simons' Renaissance Technologies and Resnick's Jericho Capital Asset Management delivered returns of 76% and 100%, respectively, topping the 68% total return of the broader market.

Both money managers are clearly doing something right, so investors could find it helpful to track their portfolios. For instance, Resnick started a position in Tesla (NASDAQ: TSLA) during the first quarter, and Simons added to his position in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).

Is it time to buy these growth stocks?

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Source Fool.com