Tuesday, May 6, 2014

David Einhorn Speaks With Bloomberg As Technology Stocks Burn

Excellent interview below with David Einhorn of Greenlight Capital. He reviews the discussion in the financial world around his most recent letter which I posted last week in David Einhorn On The Next Tech Bubble.

It has been a good few months for shorts as the most frothy tech stocks (Twitter, Netflix, Yelp, etc) are in complete free fall (he mentions he put his shorts on earlier this year at the top).

The second half of the interview gets real interesting when Einhorn talks about a recent dinner he had with Ben Bernanke where he was able to ask questions about Fed policy to the former chairman.

I won't spoil the entire conversation but David mentions; "it was sort of frightening because the answers weren't any better than I thought they might be."

 

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