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Thread: David Einhorn

  1. #1

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    Default David Einhorn

    Words from Greenlight Capital, doubling down on their bubble call.

    Einhorn acknowledged that Greenlight had “prematurely identified” the bubble in a 2016 warning, one he put down in part to the notion that the height of the 1999-2000 bubble was a once-in-a-career experience and that investors wouldn’t repeat “that level of insanity.”


    “Clearly, we were mistaken,” he said.



    Bubbles, meanwhile, tend to topple under their own weight as all investors finally hop in, short sellers cover, and the “last buyer has bought (or bought massive amounts of weekly calls),” he wrote.


    “The decline starts and the psychology shifts from greed to complacency to worry to panic,” Einhorn said.


    Einhorn pointed to 10 signs that backed up his bubble call. If the call is correct, investor sentiment is shifting from greed to complacency.
    https://www.marketwatch.com/story/an...rn-11603828447


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  3. #2

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    Default Re: David Einhorn

    He's walking the market bubble talk.

    As of his most recent filing 9/30 his top buy for the quarter was GLD which is now his 6th biggest holding. Possibly preparing for a downturn or inflation run. Who knows. Then again, Buffett unloaded nearly all of his newly purchased miner from the previous quarter.

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  5. #3

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    Default Re: David Einhorn

    Big fourth quarter despite big losses.

    Greenlight took a massive hit from a large short position in Tesla Inc (NASDAQ: TSLA) in 2020, but Greenlight finished strong with a 25% gain in the fourth quarter. Despite the disastrous Tesla short position, Einhorn was able to salvage a 5.2% overall gain for the fund for the year.

    "TSLA cars are not a fad; if they were, TSLA would sell many more than it does. The fad is in owning TSLA stock," Einhorn said in the letter.
    https://finance.yahoo.com/news/david...172018359.html

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