Hedge-fund manager Doug Kass has blunt warning for tech investors

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The Street

By Todd Campbell Hedge-fund manager Doug Kass has seen a thing or two throughout his career. Kass began working at Putnam in the 1970s, so he’s invested through more than his share of bull and bear markets. The experience has given him a broad perspective, helping him manage the current high-inflation-low-growth environment. For example, in December Kass accurately predicted that stocks would rally in the first half of 2023. And he also forecast correctly that stocks would struggle in the back half. Recently, Kass tilted his hedge fund net long at the end of October to take advantage of a deep…

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