What to know in markets on Wednesday, February 8, 2023.
The Forbes 400 list, which makes up the 400 richest Americans, has a legendary hedge fund manager on it. While Soros' investment strategy has famously focused on global macro bets, he also owns some wonderful businesses that readers might consider holding for a longer time period. In fact, he's bullish on Amazon (NASDAQ: AMZN), as his family office and previous hedge fund, Soros Fund Management, had under 4% of its assets in the e-commerce juggernaut.
Amazon has struggled amid the challenging economic environment, and the near-term outlook remains grim.