Greenlight Capital's David Einhorn made a successful bet against a slew of innovative technology stocks.
Greenlight Capital's David Einhorn posted one of his best years ever with an outstanding return north of 30%, thanks in part to his short position in a slew of innovative technology stocks like those touted by growth investor Cathie Wood. The star hedge fund manager said his fund rallied 36.6% in 2022, compared to a 19.4% loss for the S & P 500. Einhorn also said he is still short some 'bubble' names.
mountain ARK Innovation ETF's 1-year sell-off Einhorn said he created another "bubble" basket with 31 names totaling 6.5% of capital in January of last year. He defines a bubble stock as one that could fall at least 80% and still not appear cheap after looking at the company's financials and valuations. Einhorn said this bubble basket remained in the portfolio but he has covered some positions.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Awards Chatter’ Podcast — David Byrne (‘Everything Everywhere All at Once’)The legendary singer-songwriter formerly of Talking Heads reflects on the formation and breakup of that band, the international influences that have shaped his solo career and how he came to co-write the original song 'This Is a Life' — now Oscar-shortlisted — for A24's highest-grossing release ever.
Read more »
Three quick thoughts on the Eagles versus the Giants in the NFC Divisional playoffs | David MurphyMany Eagles fans and likely some of the players themselves probably wished to play the Giants in the playoffs, but David Murphy cautions that the team still needs to be careful.
Read more »
Shiba Inu (SHIB) Bag of David Gokhshtein Growing Rapidly Now: Potential Reasons.DavidGokhshtein is loading up on ShibaInu as the price has removed another zero. $SHIB Dogecoin $BTC
Read more »
David Crosby Talks New Live CD/DVD and Dishes on The KardashiansDavid Crosby has a new album and DVD package, 'Live at the Capitol Theatre,' and talked to us about his recent prolific output, his young bandmates and the state of popular music.
Read more »
'Hunters' Creator David Weil Explains Why Its Ending After Two SeasonsHe also talks about the huge responsibility of taking on Hitler as a character and bringing Al Pacino back for Season 2.
Read more »
Angels' David Fletcher will get to play with his brother again — for Team ItalyAngels infielder David Fletcher and his brother Dominic, a minor leaguer for the Diamondbacks, are set to play for Italy in the World Baseball Classic.
Read more »