The market has entered the 'fartcoin' stage of the cycle, says billionaire investor who's staying out of crypto
"It's anyone's guess as to what will happen next, but it feels like it's going to be wild," the Greenlight Capital founder David Einhorn said.
Einhorn says the market is at the fartcoin stage of the cycle. His fund bought Peloton and made these moves.
David Einhorn’s Greenlight Capital is keeping Big Tech at arm’s length, along with crypto. Here’s what the hedge fund has been buying lately.
David Einhorn says we have reached the 'Fartcoin' stage of the market cycle
"We have reached the 'Fartcoin' stage of the market cycle," Einhorn wrote in an investor letter obtained by CNBC.
Greenlight Capital's David Einhorn says U.S. markets have reached 'Fartcoin' stage
"We have reached the 'Fartcoin' stage of the market cycle," Greenlight Capital founder Einhorn said in a letter to partners dated Tuesday. Read more here.
Why David Einhorn believes ‘we’ve entered the ‘Fartcoin’ stage of the market cycle’
Greenlight Capital’s David Einhorn believes the current bull market has taken speculative behavior to absurd levels. “We’ve entered the ‘Fartcoin’ stage of the market cycle,” Einhorn wrote in an investor letter as reported by CNBC.
Bull Market Enters 'Fartcoin Stage,' Says Greenlight Capital Exec
Greenlight Capital's David Einhorn called the current bull market cycle the "Fartcoin stage," highlighting the memecoin. Fartcoin reached a nearly $2 billion valuation after the election of President Trump,
Einhorn Doubles Down on Handbag Maker Capri After Takeover Deal Scuttled
When a US judge unexpectedly blocked Capri Holdings Ltd.’s takeover by rival Tapestry Inc. in October, stunned hedge fund ...
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Greenlight Posted Its Weakest Results in the Past Four Years
Although Greenlight is best known as a long-short value-driven firm, its macro book made the largest contribution to net ...
Is the stock market broken?
According to David Einhorn value investors have a problem with the way the stock market works at the moment. So what should they do? The post Is the stock market broken? appeared first on The Motley ...
CNH Industrial gains as Greenlight letter mentions; added to Capri position (update)
Adds more details from letter. Centene Corp. (NYSE:CNC) and CNH Industrial (NYSE:CNH) were added as new positions at David Einhorn's Greenlight Capital hedge fund in the second half of last year.