Billionaires Are Buying This Growth Stock Before 2022 Ends. Should You?
Warren Buffett has always told investors to "be greedy when others are fearful," and that is exactly what Jim Simons and Stanley Druckenmiller have been doing. These two big investors have been going on a shopping spree recently, taking advantage of the fact that the market has fallen 15% so far this year -- its largest year-to-date loss since 2008.
Both Druckenmiller and Simons have been buying stocks, and there is at least one overlap: Datadog (NASDAQ: DDOG). Druckenmiller has bought nearly 790,000 shares of the application monitoring company over the past few months, while Simons' Renaissance Technologies has added almost 331,000 shares. These purchases total $82 million and $37 million, respectively.
Why are two of the world's most famous investors excited about this tech stock? Let's find out.
Source Fool.com
