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David Einhorn, the elite hedge funder, has revealed Solvay, a chemicals company, as his top investment idea. Einhorn believes inflation is reaccelerating and has significantly increased his gold position. He currently holds over 387K shares of $GLD, doubling his bet in 23Q3. Einhorn's investment in a Belgian chemicals company caused the stock to surge by 18%. In an interview with CNBC, Einhorn discussed the shrinking traditional value investing industry due to the shift to indexing, emphasizing the importance of gold in his portfolio.
Greenlight's Einhorn. It's a maths thing. He is completely right as we have said many times: EINHORN: Yes. And we own a lot more gold than just the GLD. We own physical bars as well. WAPNER: Why so? EINHORN: So, gold is a very large position for us. WAPNER: Why have you made…
David Einhorn thinks inflation is reaccelerating and has made gold a very large position - CNBC
In this interview with CNBC, David Einhorn says that the traditional value investing industry, where professionals managed funds and searched for undervalued stocks, has shrunk due to the shift to indexing. Here's an excerpt from the interview: https://t.co/LY9N7hIB7j https://t.co/cco1mMhuez