With an estimated net worth of $1.5 billion, the son of a Bronx, N.Y., plumber is now donating the bulk of his fortune to charity. Cooperman's aim: to help "those that are disadvantaged to experience the American dream."
The smart money is placing its bets outside of the stock market, but it can't agree about the direction of those bets. Hedge funds are doubling down on inflation by buying gold. Institutions are buying corporate bonds -- a wager on deflation. Should you follow them? And if so, which way?