Blue Owl has decided to call off the merging of two of its private-credit funds after the deal caused some angst among investors, according to sources.
The Google founders said in the company's 2004 IPO prospectus that much of their commentary was "inspired by Warren Buffett's essays" in annual reports.
The money manager sees speculative excess in AI-related stocks and data-center investments, cautioning that momentum investing during a boom can end badly.