(Bloomberg) — David Einhorn put it bluntly: The valuation-be-damned boom in passive investing has “fundamentally broken” markets as it proceeds to crush the time-honored hunt for cheap-looking stocks across Wall Street — year after year. Most Read from Bloomberg In the telling of the renowned hedge-fund manager, the explosion in index-tracking flows is putting so […]
The “Portuguese Gold” sardines cost $44.Kylie Kirschner The recent gold rally is counterintuitive, as high interest rates typically make bullion less attractive. But billionaire investor David Einhorn has a theory that he shared in his latest investor letter. Einhorn suggests that gold’s rally is potentially due to countries in the East buying gold from Western […]
David Einhorn is known for his big bets. It’s a strategy that helped make him a billionaire. One of his largest bets right now is Green Brick Partners (NYSE: GRBK). Einhorn’s investment company owns more than 11 million shares, representing 29% of his total portfolio. Should you follow Einhorn into one of his biggest bets […]
(Bloomberg) — David Einhorn said he’s betting on European essential chemicals company Solvay SA. Most Read from Bloomberg The Greenlight Capital founder made the comments Wednesday at the Sohn Investment Conference in New York. Solvay’s American depositary receipts surged 13% to $3.10 apiece at 2:19 p.m. in New York. The company, a large producer of […]
David Einhorn.Reuters The hype around speculative stocks hit bubble levels last quarter, David Einhorn said in a letter. Einhorn’s Greenlight Capital teased a big, mystery position that it’s still building. Greenlight bought a few new stocks and bet on defense stocks to benefit from foreign conflicts. The hype around the market’s hottest stocks rose to […]