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David Einhorn says today feels more like 2007 than the dot-com bubble - even as he just pitched five US stocks with roughly 52% to 167% upside: “I actually think it’s a little bit more like maybe like 2007.” this is him explaining where he’s still finding value in...

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170,201 Aufrufe • vor 1 Monat •via X (Twitter)

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Profilbild von Undiscovered Value & Growth Stocks 🔭
Undiscovered Value & Growth Stocks 🔭vor 1 Monat

The first thing he needs to do is outperform the market (which he has not done for ages) and then I can even turn on the audio here.

Profilbild von Jeff Smith
Jeff Smithvor 1 Monat

He's been calling every year as 2007.

Profilbild von Cash Flow Files
Cash Flow Filesvor 1 Monat

The best opportunities usually show up when the market hates the story but the underlying cash economics are improving. Cheap alone isn’t enough. Something inside the business has to be changing.

Profilbild von HB
HBvor 1 Monat

This interview is a few weeks old... please post the date

Profilbild von kingkang
kingkangvor 1 Monat

Dang Einhorn finally looks old (he's 57)

Profilbild von Moysha
Moyshavor 1 Monat

booked

Profilbild von Fatmir
Fatmirvor 1 Monat

Calling it 2007 while still hunting for triple-digit upside. Einhorn warns and buys in the same breath. That’s the difference.

Profilbild von Randy Coard
Randy Coardvor 1 Monat

Whether it's like 2007 or the dot com bubble, in both cases you lost over 50%.

Profilbild von Ug.Nd
Ug.Ndvor 1 Monat

"He's absolutely spot on as to $VSNT."

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David Einhorn walked onto the 2026 Sohn stage and pitched five US stocks with roughly 52% to 167% upside - including a cable spin-off trading at a 19% free cash flow yield: “Versant is supercheap, and we find that very sexy” this is him explaining why he’s looking where almost nobody else wants to look - businesses the market has treated as permanently broken even though the underlying economics are already changing. Fluor nearly went bankrupt in 2020, but more than 80% of its backlog is now cost-plus and the company is buying back roughly 20% of its shares; Victoria’s Secret is still running at about half its historical margins, while Einhorn sees around 74% upside if they normalize five companies. five different transitions. the same bet underneath all of them - the market is pricing today’s problems as if they never end full speech below ↓
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David Einhorn started Greenlight with just $900,000 in 1996 - and nearly 30 years later he says the industry that taught him how to invest has basically been wiped out: “the value investing industry... is defeated, so to speak” this is him explaining why trillions moving into passive funds killed off entire research teams, why most trading today has “nothing to do with value,” and why that actually leaves more mispriced stocks for the few investors still willing to figure out what a business is worth Einhorn says even if Greenlight does a really good job, they’ll still be wrong roughly 30-35% of the time: “the best advice I’ve ever received in managing a portfolio is: as soon as you know that you’re wrong, change your mind” bookmark and watch the full interview below
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David Einhorn says he first bought Apple when the entire company was worth around $1 billion, made 30–40% and sold before the iPod even existed - a trade he still considers one of his biggest mistakes: “probably the worst sale of my entire career” this is him explaining why he bought Apple again years later. investors still treated it like a hardware company that competitors would eventually commoditize, while he thought the combination of hardware, software and services was making customers increasingly tied to the ecosystem instead Einhorn says Greenlight then made Apple its largest position and held it for around 5–6 years while it traded at roughly 6–9x earnings because he thought the market was valuing it like a low-quality hardware company even as earnings kept growing full interview below
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31,626 Aufrufe • vor 7 Tagen

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.Erik Voorhees: It’s actually good, from the Trojan horse perspective, that Bitcoin was traceable enough for traditional institutions to tolerate it. “When Bitcoin came out, everyone called it private, thought of it as private. It was referred to as anonymous in every news story. And in some ways, it is very private and very anonymous. But the truth is that it’s also extremely trackable and traceable. It is not private in reality. And the question is, should it have been from the start? And at first I thought, yes, it should have been more private. And that was a mistake in its design. However, I think if Bitcoin had been anonymous truly from the start, like a Zcash or a Monero, it would have had such antagonism from the state. I don’t know that the state could have snuffed it out, but they would have tried much harder. And I think it’s actually good, from the Trojan horse metaphor perspective, that it was traceable enough that the traditional institutions could tolerate it. They’ve never liked it, but they could at least tolerate it because there is some traceability. And that has allowed Bitcoin to grow. And I think in its shadow, that other crypto assets are actually anonymous is very healthy. The strength of cryptocurrency as a concept in society, I think, is served best when Bitcoin itself is not perfectly private, but other assets are. That is a very difficult thing, I think, for the state to combat. And that decentralization of attributes is really, really crucial. So, yeah, I’m very glad that there are other coins that are private. I want there to be more of them, and I want them to be more popular. And I think it’s okay that Bitcoin itself is not.”

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David Tepper on what to do when you have zero edge: "i don't have an opinion on the stock market. i just don't feel it being involved. i'm here on the bond market... i definitely have more of an opinion on this one." most guys feel physically sick if they are not in an active trade. if the market is chopping sideways in a muddy range, they will just force an entry anyway. they sit there clicking buttons and handing their account balance to the algos out of pure boredom Tepper runs a massive fund, and his biggest flex is simply admitting when he has no clue what the stock market is about to do instead of guessing, he takes his money and moves it to a completely different market where the setup is actually clean and the central banks are telling him exactly what they want you do not have to trade every single day. you do not have to trade the same ticker all year. if the chart looks like trash and you have no read on it, sitting in cash is a real position stop forcing plays just to feel something. only step in when the math makes sense bookmark and watch the 2016 archive here

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Michael Oliver sees silver as the most explosive upside market right now. He argues that if silver simply catches up with gold, copper, steel, lead and zinc relative to their 1980 levels, it could reach around $500 an ounce. In his view, $500 is not even the target, just a reasonable “norm,” with the potential for silver to overshoot after being held too low for decades.

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Сarm1ne

128,347 Aufrufe • vor 2 Monaten

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Howard Marks just gave a warning about the current stock market environment, boldly claiming we are in a stock market bubble Here's what he said: "It does seem that stocks are expensive relative to what I call fundamentals or you might call reality. The outstanding reason is that there hasn't been a serious market correction in 16 years. So people get out of the habit of thinking about market corrections. The biggest single mistake I've been thinking a lot - what is the biggest single mistake investors make? And I've concluded that it is that they conclude that the way things are today is the way it will always be. And the things that have been happening will always continue to happen. Whereas reversion to the mean is much more likely. So I just think that it's worked very well. Being an equity investor has worked very well. Doing it on leverage has worked even better. Concentrating in a few stocks has gone very well. Investors are by nature optimistic, and that optimism dies hard. And I just think that the fluctuations of the market are mostly related to psychological fluctuations, and people go from neutrality to liking stocks to liking them a lot to liking them a ton to liking them too much. And that's the continuation that creates bubbles. And you know where we probably in the early days of that when you talk about liking these assets a little bit too much."

Triple Net Investor

43,952 Aufrufe • vor 1 Jahr

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13:58

In this rare interview, John Templeton was asked when is the exact right time to sell a stock, after building one of the greatest investment track records in history: "when you find another share that is a 50% better bargain in relation to its true value, you never sell except when you find something else much more attractive" "why did you move your office 1,000 miles away to the Bahamas?" - "because if you want to have an investment performance better than other people, you must not buy what other people buy, and being far away makes it easier to be different" this is him explaining why share prices only hit true bargain levels under the force of desperate selling, how he funded his way through Yale playing poker against classmates, and why common sense and self-control matter more than intellect "investing at the point of maximum pessimism is the only way to get a true bargain, but it requires buying what everyone else is desperately selling" "happiness is not an end, happiness is a process, you become happy as you try to do things that are useful and worthwhile" bookmark & watch this rare interview below

ludoonchart

38,516 Aufrufe • vor 1 Monat

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FSMN

890,156 Aufrufe • vor 5 Monaten

🚨Israel ACCELERATING US🇺🇸 DECLINE via war on Iran to create a regional alliance to be not so reliant on America? ‘Israel may think that maybe we can’t pull this back—but maybe one of the things we’ve done in this war is accelerate American decline to a place where we can create a regional alliance where we’re not so reliant on America. I think that would be a very risky bet to place, but it’s one they perhaps are placing. So you have, at the moment, what feels like it could become at least a perfect storm, that Israel is more dependent on the US, more controversial in the US, less able to pull opinion and politics in its direction, and more overstretched in its ambition.’ -Former Israeli Peace Negotiator and President of the US/Middle East Project Daniel Levy Watch the full interview in the quoted post below👇
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🚨Israel ACCELERATING US🇺🇸 DECLINE via war on Iran to create a regional alliance to be not so reliant on America? ‘Israel may think that maybe we can’t pull this back—but maybe one of the things we’ve done in this war is accelerate American decline to a place where we can create a regional alliance where we’re not so reliant on America. I think that would be a very risky bet to place, but it’s one they perhaps are placing. So you have, at the moment, what feels like it could become at least a perfect storm, that Israel is more dependent on the US, more controversial in the US, less able to pull opinion and politics in its direction, and more overstretched in its ambition.’ -Former Israeli Peace Negotiator and President of the US/Middle East Project Daniel Levy Watch the full interview in the quoted post below👇

Going Underground

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