Podcasts about greenlight capital

Jaime Lester is a hedge fund industry veteran who has worked at firms such as Steinhardt Partners and David Einhorn's Greenlight Capital. He is also an adjunct professor at Columbia Business School and has managed his own investment fund for nine years. We discuss his book “Pause to Think,” which is a compilation of thirty-two mental models. Jaime also applies these models to various frameworks, such as how to make better decisions and how to become happier.For more info about the podcast, go to the episode page and make sure to follow us on X/Twitter. We love to hear your thoughts on what you like and what we can improve, so please give us your rating and a review. You're also very welcome to tell us about great authors, books, and investors you want to hear on the show. Thank you! /Eddie & Niklas with teamThis episode was recorded on January 22, 2025.—————————————Episode Chapters(00:00) Introduction by Eddie & Niklas(01:40) Welcoming Jaime(03:09) Pause to Think (07:51) Investing and science (focus on checklists) (12:06) Cognitive biases(19:30) Why learn about mental models? (23:20) Inversion and investing(29:54) Jaime's experience from Greenlight Capital(32:55) Cerrano Capital(34:55) How Jaime is allocating his time today(37:05) Current investment strategy(39:22) Balancing personal life with work(45:26) What can investors do to improve the world? (48:07) Book discussions and recommendations—————————————Books MentionedPause to Think - Jaime LesterSame as Ever - Morgan HouselKing: A Life - Jonathan EigCreation Lake - Rachel Kushner—————————————More on JaimePause to Think (Amazon) Pause to Think (Columbia University Press)—————————————About the PodcastIntro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books—————————————What is Investing by the Books?Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis. Visit the website: http://www.investingbythebooks.com/Follow on Twitter/X: https://twitter.com/Investbythebook—————————————What is Redeye?Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality. Visit the website: https://www.redeye.se/Follow on Twitter/X: https://twitter.com/Redeye_—————————————DisclaimerNotice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

Deep Value Investing Using The Acquirer's Multiple Revisited w/ Tobias Carlisle AZ TRT S05 EP 39 (255) 10-6-2024     What We Learned This Week Acquirers Multiple – Enterprise value of the business, mindset of buying the entire business Deep Value Investing – good companies at wonderful prices, looking for companies that are beat down, but not going out of business, will rebound, mean reversion Activist Investors – like Carl Icahn, act as catalyst to push mgmt to unlock value – stock buybacks, spin offs, etc. Value Trap – buy a cheap company (stock) that just keeps going down, but still looks cheap     Guest: Tobias Carlisle – Founder of Acquirers Fund and author of Acquirers Multiple book & blog Website: https://acquirersmultiple.com/   /  https://acquirersfunds.com/ LinkedIn: https://www.linkedin.com/in/tobycarlisle Twitter: https://twitter.com/acquirersx         Investing is broken down with Toby's philosophy on 'Deep Value', the Acquirers Multiple (purchasing the whole company), and value investing from Graham to Buffett. Tobias Carlisle is the founder of The Acquirer's Multiple®. He is also the founder of Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014), and other books. He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law.     He runs the Acquirers Fund, a Long / Short Fund (ticker symbol – ZIG). Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).     Notes:   Deep Value – what drives returns in investing, picking stocks is half the battle Concentrated Investing – interviews with fund managers Acquirers Multiple – summary of previous books, giving the best lessons Built Models to back test investing styles and value investing techniques    Warren Buffet is looking for Wonderful Companies at Fair Prices vs a Good Company at a Wonderful price (Deep Value)   Not a great business, but still a good business, that is being priced like it is going out of business. The market will realize this later, as it rebounds and grows slowly over time.   Contrarian's contrarian like Carl Icahn   Value Trap – buy a cheap company (stock) that just keeps going down, but still looks cheap Corporate Raider or LBO (Leverage Buyout) Activist Investor or Shareholder Activism – forces management to make changes and unlock that value Solutions - Buy back stock, sell assets, spin off a division   Value Investor has to be patient, can take years for the market is too realize the value   Lots of cash $ on the balance sheet, low debt, and business is generating free cash flow Cash Flow is the life blood of a business, without it the business runs out of options   Buffet was a Liquidator in his early days, buy the company and liquidate the assets to make a profit, but decided to change his strategy because of pushback from company employees   Acquirers Multiple: think like an Acquirer (like Private Equity), buying the whole business or the Enterprise Value - what is the equity value of the business, how much debt, how much cash – forensic analysis of the balance sheet, and determine all assets and all liabilities   Enterprise Value = market cap plus debt plus preferred stock plus minority interest minus cash. Enterprise Value compared to the operating income EBITDA – operating income / cash flow of the business   Magic Formula - Joel Greenblatt investing has 2 formulas to calculate:   Return on invested capital (ROIC) = EBIT / (net working capital + net fixed assets) Earnings yield = EBIT / Enterprise value.   Average Small Business gets valuation that is 1 – 2x cash flow multiple, because it is owner centric Big Business gets better Valuation (could be 6 – 12x cash flow) because it is robust and not dependent on 1 or few people    Tech Company with great secular growth, and a Moat could have a multiple of  20x free cash flow Ie - Google, Microsoft, Apple, Amazon, Facebook, Visa , Mastercard   Mean Reversion – companies or stocks go down over time, because completion comes after the main players in a an industry and chip away   13F – follow 13 F of Super Investors for stock ideas, Toby does not use this method, even though he pays attention. Toby likes: Carl Ichan (Catalyst), Warren Buffet, David Einhorn, Dan Loeb (Third Point), Seth Klarman     Baupost Group – Seth Klarman is a deep value investor, buying into distressed companies    I Press – David Einhorn of Greenlight Capital made an activist push at Apple in 2013 to unlock value by creating share levels   Buffet's buy of Apple stock in 2016, put in $36 Billion   Buy the stock cheap, even when the value is going down to cash in on the opportunity, when the stock is rising again, it's too late    Howard Marks – no bad stocks, just bad prices, it's all about what price you pay     Acquires Multiple Checklist – strength to survive short term problems market size of mid cap or bigger ($2 bill +) plenty of cash on balance sheet & cash flow some acknowledgement of undervalue - paying down debt buying back stock, offloading asset, or sell business companies that buy back stock ROI do well, if issuing more shares = bad, look at share base compensation of managers Big Shareholder is engaged and pushing mgmt         Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement     ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT     Thanks for Listening. Please Subscribe to the BRT Podcast.     AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.  AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.  Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more…    AZ TRT Podcast Home Page: http://aztrtshow.com/ ‘Best Of' AZ TRT Podcast: Click Here Podcast on Google: Click Here Podcast on Spotify: Click Here                    More Info: https://www.economicknight.com/azpodcast/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/   Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.    

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.Greenlight Capital founder David Einhorn said there's “a lot to like” about fitness company Peloton Interactive Inc., despite the stock's plunge over the past three years. He is Joined by Bloomberg's Sonali Basak.See omnystudio.com/listener for privacy information.

Want to support Global Value? https://www.interactivebrokers.com/mkt/?src=gvy1&url=%2Fen%2Fwhyib%2Foverview.php https://www.patreon.com/GlobalValue David Einhorn owns 42 stocks in his portfolio worth 2.2 billion dollars. In this video we're covering his top 10 biggest positions. Starting with #10 Viatris. David Einhorn is the founder and president of Greenlight Capital, a "long-short value-oriented hedge fund" he started in 1996. Over the next decade, the fund returned 26% annually, easily beating the market. He receives extensive coverage in the financial press for his fund's performance, his investing strategy and his positions. Einhorn was included in Time magazine's Time 100 list of "100 most influential people in the world" in 2013. According to Investopedia, his net worth was around US$1.5 billion in June 2019. Thank you for watching. ❤️ Please support the channel by checking out our affiliates. All commissions are reinvested to improve the quality of videos! - TIKR is the website I use for financial data in my videos. Join me and 250,000+ investors worldwide by using TIKR in your investment analysis. Referral link - https://www.tikr.com/globalvalue - Check out Seeking Alpha Premium and score an exclusive 20% off plus a free 7 day trial! Affiliate link - https://www.sahg6dtr.com/H4BHRJ/R74QP/ - Try Sharesight https://www.sharesight.com/globalvalue (remember you get 4 months free if you sign up for an annual subscription!) #davideinhorn #davideinhornportfolio #davideinhornstocks #greenlightcapital #greenlightportfolio #stocks2024 #stockmarket2024 #macro #superinvestors #investing2024 #investing #stockportfolio #portfolio #portfoliodeepdive #greenlightstocks

Want to support Global Value? https://www.interactivebrokers.com/mkt/?src=gvp1&url=%2Fen%2Fwhyib%2Foverview.php https://www.patreon.com/GlobalValue David Einhorn owns 42 stocks in his portfolio worth 2.2 billion dollars. In this video we're covering his top 10 biggest positions. Starting with #10 Viatris. David Einhorn is the founder and president of Greenlight Capital, a "long-short value-oriented hedge fund" he started in 1996. Over the next decade, the fund returned 26% annually, easily beating the market. He receives extensive coverage in the financial press for his fund's performance, his investing strategy and his positions. Einhorn was included in Time magazine's Time 100 list of "100 most influential people in the world" in 2013. According to Investopedia, his net worth was around US$1.5 billion in June 2019. Thank you for watching. ❤️ Please support the channel by checking out our affiliates. All commissions are reinvested to improve the quality of videos! - TIKR is the website I use for financial data in my videos. Join me and 250,000+ investors worldwide by using TIKR in your investment analysis. Referral link - https://www.tikr.com/globalvalue - Check out Seeking Alpha Premium and score an exclusive 20% off plus a free 7 day trial! Affiliate link - https://www.sahg6dtr.com/H4BHRJ/R74QP/ - Try Sharesight https://www.sharesight.com/globalvalue (remember you get 4 months free if you sign up for an annual subscription!) #davideinhorn #davideinhornportfolio #davideinhornstocks #greenlight #greenlightportfolio #stocks2024 #stockmarket2024 #hedgefund #stocks #superinvestors #investing2024 #investing #stockportfolio #portfolio #portfoliodeepdive #investmentstrategies

James T. Fishback is the co-founder and Chief Investment Officer of Azoria, a multi-asset investment firm. Prior to Azoria, he served as the Head of Macro at Greenlight Capital, a hedge fund founded by David M. Einhorn. James was our guest on Episode 146 of the Agents of Innovation podcast. You can connect with James on X @j_fishbackand also through his website: http://headofmacro.com You can also watch this full episode on YouTube: https://youtu.be/jVU9E4LY9PA Follow the Agents of Innovation podcast on: Instagram: https://www.instagram.com/innovationradio/ Twitter: https://twitter.com/agentinnovation Facebook: https://www.facebook.com/AgentsOfInnovationPodcast You can support this podcast and our Fearless Journeys community on our Patreon account: www.patreon.com/fearlessjourneys You can also join our network through the Fearless Journeys community at: https://www.fearlessjourneys.org/

This episode's guest is James Fishback. He recently had a high profile (and highly meme'd) exit from David Einhorn's Greenlight Capital.  He's moved past the 'head of macro" controversy, and is now focused on building his next venture, Azoria Capital.This episode James shares his insights on the current state of the macro economy, including his thoughts on U.S. inflation and the Federal Reserve's monetary policy. We discuss actionable investment strategies around macro trends and what James has been paying attention to this year. We dive into what this year's election means for the economy and the differences between Trump and Biden, highlighting their contrasting economic policies.Lastly, we discuss Azoria Capital and how James is creating an investment vehicle that targets companies that are using a merit based approach vs the recent trends of embracing ESG and DEI.  Hope you enjoy the show!James' Twitter: https://x.com/j_fishback..Timestamps:00:00:00 - Intro00:01:59 - Guest's Introduction00:02:04 - James' Social Media Success00:03:00 - The Importance of Open Debate00:05:29 - Investing in Macro Themes00:12:49 - The Impact of Fiscal Stimulus on Inflation00:18:42 - The Role of the Federal Reserve00:22:46 - Rate Hikes and Their Effects00:25:09 - The Fed's Lemonhead Problem00:27:16 - Rate Hikes and Their Real Impact00:29:12 - The Impact of Rate Hikes on Wealth00:32:41 - The Importance of Focusing on Shareholders00:36:32 - The Process of Assessing Companies00:37:23 - The Shift in Corporate Priorities00:41:01 - Energy Transition and Green Investments00:42:20 - Government Intervention in Energy Transition00:44:48 - Consumer Choice in Energy Transition00:45:39 - Free Market and Electric Vehicles00:48:35 - Policy and Politics Discussion00:50:04 - Potential Impact of Administration Change00:56:56 - What is Azoria#jamesfishback #maxgagliardi #uselections2024 #energy #trump #biden #usinflation

The ongoing feud between James Fishback and Greenlight Capital has been ratcheted up to a whole new level. For the first time in history, a portfolio manager at a multi-billion-dollar firm was awarded a $800k bonus due to his generating ~$100 million in profits. I guess any publicity is good publicity, but James, the math doesn't add up… Amidst elevated fears over Russian hooligans at Euro 2024, Freddy provides a bit of clarity of what not to do when supporting your favorite football club. Despite the SEC finally cracking down on the MMTLP fraud, the glue sniffers still refuse to accept reality. At what point do Bill Hwang's attorneys break out the Jerusalem Syndrome defense? And inside stories of the Archegos collapse reveal just how unfamiliar everyone is with Richard Handler's game. TIMESTAMPS 00:00 - Intro 01:04 - Greenlight's macro lawsuit 04:51 - Euro 2024 hooligans 07:59 - SEC's Meta Materials fraud fine 11:36 - The latest court drama - from Jerusalem to New York

Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG. __ Views expressed by James Fishback in this interview are solely his own and do not necessarily reflect the views of Jack Farley, Forward Guidance, Blockworks, or any other associated parties. Although the title “head of macro” plays a central role in this ongoing legal dispute, James Fishback notes in this interview that his complaint also concerns his role in Greenlight's macro returns during his employment. Recorded the evening of May 22, 2024. James Fishback vs. Greenlight Capital: https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rGPZD1CfIoZE/v0 Greenlight Capital vs. James Fishback: https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/r61keEZ5nJ1k/v0 Follow James Fishback on Twitter https://x.com/j_fishback Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (06:08) Job Offer And Title (12:31) When Did James First Consider Himself To Be The Head of Macro? (20:21) Greenlight's Two Loans To Fishback (Totaling $337,346.12 Before Accrued Interest, Totaling $345,698.65 After Accrued Interest) (23:48) Van Eck Ad (24:28) How To Define "Running Macro Investing" (31:04) Written Evidence Of Greenlight Employees Referring To James As The "Head Of Macro" (50:15) James Considers David Einhorn's "Tweet Heard Round The World" an "Insult" And "A Lie" (56:52) Fishback: "I've Always Had The Itch To Be Entrepreneurial" (58:04) James' Resignation From Greenlight In Early August 2023 (01:02:23) Fishback: A Billionaire Demanding That A Public University Take Down Content From A Student Organization Is A "Flagrant Violation Of The First Amendment" (01:03:23) Political Differences Between James Fishback And David Einhorn (01:10:17) James Fishback's Market Views: The Fed's "Lemonhead Problem" (01:14:07) Fishback: Fixed-Rate Liabilities And Floating-Rate Assets Means Fed's Interest Rate Hikes Have Actually Been Net Stimulative (01:19:17) Higher For Longer (01:27:05) Why James Thinks Donald Trump Will Win The 2024 Presidential Election (01:35:08) James' Bullish View On USD / JPY (Taking Advantage of Forward Curve) (01:42:12) Fishback's View Of U.S. Stock Market, AI, And Microsoft (01:46:37) Options & Path Dependency (01:48:29) View On Long-Term Bonds (Duration) __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Live from the Sohn Conference, David Einhorn, president at Greenlight Capital, and CNBC's Scott Wapner discuss Einhorn's thesis behind buying shares of European chemicals company Solvay, his outlook on value investing, and more. 

In this bitesize feature, David Einhorn, Founder & President of Greenlight Capital, discusses the potential impact passive investing has had on value investors, and where opportunities may lie.  David is one of Wall Street's most closely followed hedge fund managers, whose public commentary on stocks has had market moving results ('The Einhorn Effect'). He's perhaps most well-known for his short bet on Lehman Brothers in 2007.  This is an excerpt from his appearance at the London Value Investor Conference in May 2023, included as part of our short-form Money Maze Vignettes series. The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, and IFM Investors.  Sign up to our Newsletter | Follow us on LinkedIn | Watch on YouTube

Things kick things off with listener mail on an interview with David Einhorn from Greenlight Capital. Doogles declares that the time of loosey goosey returns are over in retail. Skippy goes back in time, comparing the railroad industry in 1900 to tech stocks today. The episode wraps with Li Lu's principles of value investing.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to skippydoogles@gmail.com.

The Daily Business and Finance Show - Friday, 9 February 2024 We get our business and finance news from Seeking Alpha and you should too! Subscribe to Seeking Alpha Premium for more in-depth market news and help support this podcast. Free for 14-days! Please click here for more info: Subscribe to Seeking Alpha Premium News Today's headlines: Greenlight Capital founder: Markets are fundamentally broken by passive investors Arm Holdings jumps to 58% gain off earnings, boosting chips Fairfax Financial drops amid Muddy Waters short report (update) S&P briefly hits 5,000 for the first time, ends just below the mark; Nasdaq, Dow gain Devon Energy offers to buy Enerplus: report PayPal stock skids down 11% as company navigates a 'transition' year BlackBerry ticks higher amid takeover speculation with board changes Cloudflare issues better-than-expected profit guidance, stock pops ~14% after hours Explanations from OpenAI ChatGPT API with proprietary prompts. This podcast provides information only and should not be construed as financial or business advice. This podcast is produced by Klassic Studios Learn more about your ad choices. Visit megaphone.fm/adchoices

Market structures are broken and value investing is dead. That's the view from David Einhorn. On this episode, the president of Greenlight Capital sits down for a wide-ranging discussion with Bloomberg Radio host Barry Ritholtz. Einhorn is also chairman of the boards of Greenlight Capital Re Ltd. and Green Brick Partners Inc. He started the Einhorn Collaborative, which seeks to help Americans build stronger relationships, embrace their differences, and rediscover shared values and humanity.See omnystudio.com/listener for privacy information.

James is the co-founder and Chief Investment Officer of Azoria Partners, a global macro investment firm. Prior to Azoria, he served as the Head of Macro at Greenlight Capital, a two-billion-dollar hedge fund led by David Einhorn. He is also the founder of Incubate Debate, America's fastest-growing high school debate league. As a former national high school debate champion and volunteer debate coach, he launched Incubate in 2019. James was fortunate to have the opportunity to display his talent and strategies to the well-known billionaire hedge fund manager David Einhorn, which also resulted in James getting exposed to new ideas and ways of looking at economies and markets. Unwilling to repeat the same mantra commonly put out by the financial media, James presents a fresh look at why the economy and the markets have multiple silver linings. Please note, Chat With Traders does not endorse any specific political viewpoint on our podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dans cette vidéo, j'explore le livre 'Fooling Some of the People All of the Time' écrit par David Einhorn, gestionnaire du hedge fund Greenlight Capital. Le livre raconte comment David Einhorn, après avoir vendu à découvert les actions Allied Capital, s'est battu pendant 5 ans pour prouver les manipulations comptables de cette société.

This week we're continuing our Investor Audibles series with Q1 2023 letters from the following investors/funds: Buckley Capital Immersion Investments Greenlight Capital Please let me know what other letters you'd want to hear on future Investor Audible series episodes! Finally, a big thanks to the following sponsors for making the podcast a reality. Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more! Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you're interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at TIKR.com/hive. Marhelm Marhelm is an information service for investors to find real value in an overvalued market. With a focus on shipping and commodities, Marhelm helps you stay on the pulse of global trade, track global sentiment, and identify compelling investment opportunities. Get 20% of your subscription by using the code VALUE at checkout. Check it out here. --- Support this podcast: https://podcasters.spotify.com/pod/show/valuehive/support

Scott Wapner is back with the Investment Committee to discuss the rocky August for tech. The Nasdaq is now down two weeks in a row, the first time that's happened this year, the Investment Committee debate what to do with your tech portfolio. Plus, we've got a Chart of the Day on US Steel, the stock surging after the company rejected a takeover offer from Cleveland Cliffs. And later, David Einhorn's firm, Greenlight Capital releasing their investor letter. Leslie Picker joins us to help break it down. Investment Committee Disclosures

Oscar Wilde defined a cynic as someone who knew the price of everything, and the value of nothing. In today's episode, we discuss value investing with David Einhorn, Founder and President of Greenlight Capital.    David talks about the irreparable damage caused to the value investment industry, passive investing, returns, and bonds trading. He also discusses index and short investments, as well as undervalued products.    This episode is an excerpt from the session recorded at the London Value Investor Conference in May. Many thanks to the LVIC team for allowing us to share this content for free! Find out more about their upcoming sister conference, the Quality Growth Investor Conference, here.    Sign up to our newsletter for more in-depth insights | Follow us on LinkedIn The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, and LiveTrade. We're pleased to also be supporting GAIN as our 2023 Charitable Partner!

In this engaging episode of "The Vivek Show," host Vivek Ramaswamy and guest James Fishback, investor at Greenlight Capital and founder of the nonprofit organization Incubate Debate, discuss the power of high school debate in fostering civic capacity and addressing critical issues like the fentanyl crisis. They cover topics such as the Federal Reserve, the impact of AI on education, and the rise of tribalism in politics. Fishback shares his experiences in founding Incubate Debate, which aims to break financial barriers and provide opportunities for young Americans to engage in open dialogue, and highlights the urgency of combating the deadly fentanyl epidemic.--Donate here: https://t.co/PE1rfuVBmbFor more content follow me here:Twitter - @VivekGRamaswamyInstagram - @vivekgramaswamyFacebook - http://facebook.com/VivekGRamaswamyTruth Social - @VivekRamaswamyRumble - @VivekRamaswamy--James Fishback founded Incubate Debate in 2019, a non-profit organization aimed at making debate accessible to students of all socioeconomic backgrounds and political beliefs. Incubate has welcomed thousands of students from all over Florida to its tournaments, workshops, and camps, all at no cost. The organization's proprietary debate formats make it easy to learn and hard to master, requiring dedication and a willingness to continually strive for improvement. James Fishback, born and raised in Davie, FL, started Incubate Debate after serving as a volunteer debate coach and competing in high school debate.--Time-codes:00:00 - Vivek Ramaswamy's introduction and background00:14 - The difference between capitalism and democracy voting systems00:35 - Introducing James Fishback and his background00:08:21 - Conversation with David Einhorn on the Federal Reserve00:09:20 - Debate coaching during COVID00:11:52 - Hosting free debate tournaments with Incubate Debate00:16:14 - The impact of debate on civic culture00:17:22 - The rise of tribalism in politics00:18:11 - Changes in high school debate00:20:55 - Loss of free speech in high school settings00:23:46 - The first in-person debate tournament in Glades County00:24:31 - Biased debate topics00:26:41 - The Trojan horse model of the illiberal left00:29:18 - Navigating biased debate topics00:30:57 - Racial equity as a tiebreaker in debates00:31:41 - The concept of "tyranny of merit"00:33:18 - Alternative approaches for underserved students00:36:55 - Addressing the extracurricular gap00:37:43 - Minds changing during debates00:39:50 - The Florida parental rights bill00:41:53 - Upcoming debate topic: AI and education00:42:49 - Reforming the Federal Reserve00:46:33 - Micromanaging inflation targets00:51:45 - The importance of civic capacity00:52:31 - Launch of "Not Even Once" School Assembly Series

My guest today is David Einhorn. David is the President of Greenlight Capital, a long-short hedge fund that he co-founded in 1996. He is a prominent value investor with a reputation for rigorous security analysis. In 2002, he revealed a short position in Allied Capital, which was ultimately proven correct and similarly in early 2008, he told the Sohn Conference he was short Lehman Brothers. Over his near three decades managing money at Greenlight, he has delivered impressive returns but it has not been without challenge. Our conversation covers both the highs and lows, his views on the current banking issues, and how he has evolved as an investor. Please enjoy my great conversation with David Einhorn. The Sohn Conference 2023 Listen to Founders Podcast For the full show notes, transcript, and links to mentioned content, check out the episode page here.  ----- This episode is brought to you by Tegus. Tegus, the modern research platform for leading investors. I'm a longtime user and advocate of Tegus, a company that I've been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus' mission to expand its product ecosystem. Whether it's quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus' maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.  Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes (00:03:50) - (First question) - Why he is glad he started his fund in 1996 rather than today (00:05:58) - His view of how companies' personnel and goals have changed since the 90's (00:07:01) - His counter-momentum approach to markets and how he views current trends (00:11:17) - The jelly-donut theory of monetary policy (00:14:46) - His outlook on inflation and the Fed from a fiscal perspective (00:16:48) - The evolution of Greenlight's portfolio and philosophy through history (00:20:11) - Periods in his career that stand out as the most challenging (00:25:58) - How tech advances have influenced his core concept of figuring out worth (00:28:17) - His three-step process to picking investment targets (00:29:10) - The companies he has learned the most from studying (00:30:52) - His experience with investing in Apple (00:33:33) - How he considers the notion of quality in a business (00:35:05) - His views on shorting, concentration, and holding periods (00:38:37) - What he learned from a deep dive on airline businesses (00:40:31) - His perspective on sports franchises as an asset (00:42:12) - His new interest in poker and how he got so good at it (00:45:22) - Applying traditional valuation styles to the modern market (00:47:13) - Cultivating relationships with his limited partner investors and his team (00:54:26) - His perspectives on the insurance space (00:57:33) - The health of the economy and financial infrastructure as he understands it (01:01:51) - How he thinks about housing and the construction industry (01:03:54) - How AI and other high-tech are affecting his investment decisions (01:05:28) - Other topics on his mind, from national politics to social psychology (01:08:22) - The kindest thing anyone has ever done for him

My guest today is David Einhorn. David is the President of Greenlight Capital, a long-short hedge fund that he co-founded in 1996. He is a prominent value investor with a reputation for rigorous security analysis. In 2002, he revealed a short position in Allied Capital, which was ultimately proven correct and similarly in early 2008, he told the Sohn Conference he was short Lehman Brothers. Over his near three decades managing money at Greenlight, he has delivered impressive returns but it has not been without challenge. Our conversation covers both the highs and the lows, his views on the current banking issues, and how he has evolved as an investor. I'm on the planning committee for this year's Sohn conference where David will be featured with others like Stan Druckenmiller, OpenAI CEO Sam Altman, Stripe CEO Patrick Collison, and Bridgewater CIO Karen Karniol-Tambour. If you've enjoyed Invest Like the Best and are willing to contribute to a great cause—Memorial Sloan Kettering Cancer Center—I'd deeply appreciate you buying a ticket at the link available in the show notes and join us in May for what will be an incredible day of investing and business presentations and interviews. Now, please enjoy my great conversation with David Einhorn.   Buy a ticket to The Sohn Conference 2023 Listen to Founders Podcast Founders Episode 136 - Estee Lauder Founders Episode 288 - Ralph Lauren   For the full show notes, transcript, and links to mentioned content, check out the episode page here.    -----   This episode is brought to you by Tegus. Tegus, the modern research platform for leading investors. I'm a longtime user and advocate of Tegus, a company that I've been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus' mission to expand its product ecosystem. Whether it's quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus' maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick.   -----   Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.    Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.   Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus   Show Notes (00:03:50) - (First question) - Why he is glad he started his fund in 1996 rather than today (00:05:58) - His view of how companies' personnel and goals have changed since the 90's (00:07:01) - His counter-momentum approach to markets and how he views current trends (00:11:17) - The jelly-donut theory of monetary policy (00:14:46) - His outlook on inflation and the Fed from a fiscal perspective (00:15:45) - Commodities and other assets that become relevant (00:16:48) - The evolution of Greenlight's portfolio and philosophy through history (00:20:11) - Periods in his career that stand out as the most challenging (00:25:58) - How tech advances have influenced his core concept of figuring out worth (00:28:17) - His three-step process to picking investment targets (00:29:10) - The companies he has learned the most from studying (00:30:52) - His experience with investing in Apple (00:33:33) - How he considers the notion of quality in a business (00:35:05) - His views on shorting, concentration, and holding periods (00:38:37) - What he learned from a deep dive on airline businesses (00:40:31) - His perspective on sports franchises as an asset (00:42:12) - His new interest in poker and how he got so good at it (00:45:22) - Applying traditional valuation styles to the modern market (00:47:13) - Cultivating relationships with his limited partner investors and his team (00:51:06) - The joy and drive that keep him buying and selling (00:54:26) - His perspectives on the insurance space (00:57:33) - The health of the economy and financial infrastructure as he understands it (01:01:51) - How he thinks about housing and the construction industry (01:03:54) - How AI and other high-tech are affecting his investment decisions (01:05:28) - Other topics on his mind, from national politics to social psychology (01:08:22) - The kindest thing anyone has ever done for him

Scott Wapner and the Investment Committee debate the markets in March and whether a new month will bring optimism or pain for investors.  Plus, Greenlight Capital's David Einhorn joins us to discuss the market, the Fed, his 2022 performance, his outlook for 2023 and more.  And later, a Chart of the Day on Lowe's, with a revenue miss and a weak outlook, is the stock a buy or sell at these level, the Committee weigh in.  Investment Committee Disclosures

Skippy asks whether executive compensation, and humans' need for more, has gone too far. Doogles highlights a post from Investment Talk that walks through value investor Seth Klarman's 20 lessons from the Great Financial Crisis of 2008. Skippy talks about the book The Wealthy Barber, which Doogles finally read. Doogles walks through Greenlight Capital's most recent investor letter. The episode wraps discussing how US consumers are hurting, the current take on Meta's stock, and a research report analyzing the correlation of perceived penis size to wanting to buy expensive sports cars.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to skippydoogles@gmail.com.

IEX's Jayme Abrahamsen and former Greenlight Capital partner and CEO and founder of Freedom's Edge Cider Andy Kaplan return to the podcast this week for a continuation of their conversation about our cultural fascination with Alexander Hamilton and Aaron Burr. This episode looks specifically at Burr, a one-time rising political star and U.S. vice president who by the end of his life was exiled to Paris and eating from garbage cans. Our guest hosts look at the blurring of Burr's legacy over time, the re-writing of his history from dubious sources like Thomas Jefferson and Hamilton (who were his enemies), our modern need to view the founding fathers as emblems of power and unification (and the impact this had on U.S. currency) and why we've gotten so much wrong about Burr over the years. Recorded on November 30, 2022.  

This week we're continuing our Investor Audibles series with three Q1 2022 letters from the following investors/funds: Third Point Capital (02:00 - 24:00) Ensemble Capital (25:00 - 46:00) Greenlight Capital (47:00 - 65:00) Please let me know what other letters you'd want to hear on future Investor Audible series episodes! Finally, a big thanks to the following sponsors for making the podcast a reality. Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more! Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you're interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at TIKR.com/hive. --- Support this podcast: https://anchor.fm/valuehive/support

Scott Wapner and the Investment Committee debate whether some good earnings reports can keep the rally going in spite of higher interest rates. Plus the Committee making some moves in multiple sectors, we dive in to their trades. And later, a new bearish letter from Greenlight Capital's David Einhorn tells his investors to sell stocks, the Committee weigh in on what it means for the market.

Our anchors start today's show with Needham senior analyst Laura Martin breaking down last week's FAANG earnings, and Wall Street Journal markets reporter Gunjan Banerji joins after publishing a new story on retail investors ramping up interest in tech stocks. Next, Satori Fund Founder Dan Niles discusses the potential for a recession, and CNBC's Steve Kovach offers insight on mega-cap names flashing warning signs about the economy. Then, Bernstein analyst Stacy Rasgon joins on Intel's Q2 results, and CNBC's Leslie Picker reports on David Einhorn's Greenlight Capital investing in Twitter. Our Julia Boorstin also checks in on the continued expansion of the metaverse, and CNBC's Jennifer Elias covers Google calling on employees to help drive better results. Later, CNBC's Kate Rooney looks at cryptocurrency Ethereum's 60% rise over the last month.

David Einhorn of Greenlight Capital made an elegant presentation on his gold bullishness earlier this month, making his case for why they are going into gold now and not later. Increasingly you will see more famous hedge fund managers and financial whales making the base case for gold bullion as the fiat Fed and US Treasury have painted themselves into a coming gold bullion mania corner. David is perhaps a bit early but many more big-money investors are soon going to come to similar conclusions with increasing capital flows to gold as well.

Anirudh Singh sits down with Gaurav Sharma, CEO and Co-Founder of Capitalize a venture-backed fintech company in New York focused on the retirement savings market. In today's episode, they discuss the size of the 401K rollover issue in the United States, Capitalize being listed as one of TIME's best inventions of 2021, the fundraising process, and much more! Gaurav Sharma: Gaurav leads Capitalize's mission to help people save for retirement. Before founding Capitalize, he worked for some of the best-known financial institutions, including JP Morgan, UBS, Morgan Stanley, and as an investor at well-known hedge fund Greenlight Capital. After seeing how hard it is for most people to understand their retirement accounts, he decided to build a company that makes it easier. An Australian by birth, Gaurav lives in New York with his wife and their adopted puppy, Lorenzo. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech LinkedIn: www.linkedin.com/company/wharton-fintech-club/ WFT Twitter: twitter.com/whartonfintech Anirudh's Twitter: twitter.com/avsingh_24

Greenlight Capital, 1st Quarter 2022 Companies discussed: $GRBK $BHF $INSW $RYAAY $SNX $SWN $WFRD The Capital Literature Podcast brings you investment letters in audio. Capital Literature is a Sebids Capital service for the investment community. Follow @sebidscap and @CapitalLit on Twitter and become part of our community. Disclaimer: This podcast is for informational and educational purposes only and should not be relied upon as a basis for investment decisions. All rights belong to the respective owners.

Hey guys! This week I'm trying something brand new on the podcast. I created an "audiobook" edition of some of my favorite hedge fund letters. This week, I read the Q4 letters from the following funds: Greenhaven Road Capital Laughing Water Capital Greenlight Capital There is one other podcast that does this (Capital Literature), but I thought having a more human voice would make it easier to listen to, hopefully you agree. Also, I thought now would be a great time to try this as I'm traveling to FL for my bachelor party. I look forward to resuming the usual person-to-person interview style you've come to appreciate on the podcast. Finally, a big thanks to the following sponsors for making the podcast a reality. Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more! Quartr Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from 12+ countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android. Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you're interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at TIKR.com/hive. --- Support this podcast: https://anchor.fm/valuehive/support

Greenlight Capital, 4th Quarter 2021 Companies discussed: $BHF $TECK $DNMR $GPN $CPRI $GLPG $ODP The Capital Literature Podcast brings you investment letters in audio. Capital Literature is a Sebids Capital service for the investment community. Follow @sebidscap and @CapitalLit on Twitter and become part of our community. Disclaimer: This podcast is for informational and educational purposes only and should not be relied upon as a basis for investment decisions. All rights belong to the respective owners.

Think you know the story of Alexander Hamilton and Aaron Burr? Think again. Andy Kaplan, former partner at Greenlight Capital and Partner at Freedom's Edge Cider in Maine joins guest host and IEX colleague Jayme Abrahamsen to tell us what gets missed in one of America's founding myths – and why we should care. Recorded December 7, 2021.

Greenlight Capital, 3rd Quarter 2021. Companies discussed: $GRBK $BHF $CSP $SONO The Capital Literature Podcast brings you investment letters in audio. Capital Literature is a Sebids Capital service for the investment community. Follow @sebidscap and @CapitalLit on Twitter and become part of our community. Disclaimer: This podcast is for informational and educational purposes only and should not be relied upon as a basis for investment decisions. All rights belong to the respective owners.

On this episode of Financially Naked: Stories from The Financial Gym, our host is Bevin Morgan, a Lexington-based Financial Trainer, and she is joined by the CEO and co-founder of Capitalize, Gaurav Sharma. They are going to talk about the importance of rolling over legacy retirement accounts and how Capitalize makes it easy. Gaurav Sharma is CEO and Co-Founder of Capitalize, a venture-backed fintech company focused on helping people save for retirement. Before founding Capitalize, he worked for some of the best-known financial institutions, including JP Morgan, UBS, Morgan Stanley, and as an investor at well-known hedge fund Greenlight Capital. An Australian by birth, Gaurav lives in New York City with his family.    Podcast Notes Capitalize is a fintech company that uses technology to make saving for retirement in the United States easier and more accessible to everyone.  With most retirement savings being linked to our employers, there are many flaws in the system. One of the biggest being the obvious, we often switch employers after a couple of years.  The process of rolling over a 401k is antiquated. Some folks don't even know where the money is in their legacy accounts, making the process seem intimidating.    This is where Capitalize comes in! They are helping people find lost assets and invest them well.   They do this by digitizing the process of finding misplaced retirement savings and helping clients submit rollover requests. This makes the process very simple, even if you don't know where your money is currently. This service is FREE to the client. How does Capitalize work? They first help the consumer by finding old accounts. Even if you don't know the brokerage, Capitalize has built a database that maps employers to 401k brokers.  Then they help them decide where to move the money and why. There is a lot of confusion about the best account to move legacy accounts. Some common questions are: ‘what kind of account should I pick?' or ‘What platform is best suited for my goals?'  They help clients navigate the decision with an online comparison experience. Based on the info provided by the client, they will give a few great options AND help compare. After the client has chosen the account, Capitalize then helps the user open it.  They then help with the most challenging part. Each provider has their own rules and requirements for rollovers which makes the process very cumbersome and sometimes confusing. What Capitalize has done is digitize this last step. They know how to process these various rollovers and help the client submit the request to the legacy provider. If it requires human intervention, Capitalize has a fully licensed customer service team to handle these circumstances.  It is an end to end experience. Capitalize will help from start to finish AND it is completely FREE for the client. Some Staggering Estimates about Legacy Retirement Funds  There are $700 billion (with a B) worth of rollovers to potentially process each year, affecting 15 million people.   There's an estimated 24 million forgotten 401k accounts in the US with $1.35 trillion (with a T)  worth of assets in them.  These figures come from research done with The Center for Retirement Research at Boston College. Check out this blog post for more info: The True Cost of Forgotten 401(k) Accounts – CapitalizeWHY CAPITALIZE IS REVOLUTIONARY    Consolidating legacy accounts is an important first step in saving for retirement. Bevin recommended the service to one of her clients who found out they had $24,000 in these kinds of accounts, which Gaurav points out has the potential to grow exponentially if invested well.   Capitalize is a platform to help people manage employer-sponsored retirement accounts. Even though the system is far from perfect, employer accounts aren't going away any time soon. There is a need for easy management as people tend to change employers every few years. This is the first platform to really do this work!  People who are self-employed or have other kinds of investment accounts (such as 403b accounts) are welcome at CapitalizeA LITTLE MORE ABOUT GAURAV As you can tell from the great accent, Gaurav grew up in Australia.  He studied abroad in the US while in college.  After returning home, he realized there was so much about the United States he liked and wanted to move here to start his business after graduating.  He worked on Wall Street in 2008, amidst the biggest financial meltdown in 80 years, with a focus on advising banks and financial institutions.  From there, he transitioned into the investment world. There he learned that wealthy folks have the access to the best resources and tools. This should not be the reality and there is an opportunity to serve people at levels of finance. This was a motivator behind starting the company, Capitalize.  He wanted to make finance less intimidating and more accessible, which is exactly what we at the gym are passionate about and love to hear!  Questions from Bevin:  Best financial advice you've ever gotten? Keep it simple. (When it comes to investing) You often feel like you should be doing more, but in reality, the simplest approach has stood the test of time. Hands off, participate in the market growing over time and get the basics right. You can grow and compound without having to stress about it daily.  What do you want to do when you retire? Gaurav personally doesn't have the goal of retiring early, or even at all. He enjoys all of his work and pursuits but hopes to be able to travel more in the future while continuing to do this work and have more great conversations with amazing folks like Bevin. Check out Capitalize  Instagram: @hicapitalizeWebsite: https://www.hicapitalize.com/   Meet The Trainer  Bevin Morgan

Greenlight Capital, 2nd Quarter 2021. Companies discussed: $GRBK $AAWW $TECK $CC $BZU $CEIX $GPOR $GPK The Capital Literature Podcast brings you investment letters in audio. Capital Literature is a Sebids Capital service for the investment community. Follow @sebidscap and @CapitalLit on Twitter and become part of our community. Disclaimer: This podcast is for informational and educational purposes only and should not be relied upon as a basis for investment decisions. All rights belong to the respective owners.

Josh Ferrari of Greenlight Capital joins lance to discuss how he got his start in RE. His journey started 2 1/2 years ago when he bought his first multifamily property which was a fourplex. Josh shares his unique story about how he met his two business partners and emphasizes real estate investing as a team sport. Josh and his team enjoy operating in the value add space, because provides them with more control over the outcome. The three operate mainly in Alabama with the goal of acquiring 1,000 units!

Short selling has been in the news a lot lately. Lots of big name hedge funds are feeling the heat form short selling "meme stocks". In this episode we look into the story of when David Einhorn (of Greenlight Capital) shorted Allied Capital. This is a crazy story that includes a PR smear campaign, stolen phone records and David's wife getting fired from her job. Wowza! It's a wild tale! Check out this episode to learn what happened, and some key lessons from the whole ordeal. Sources: https://www.amazon.ca/Fooling-Some-People-All-Time/dp/B071VQDGVH/ref=sr_1_2?dchild=1&keywords=fooling+some+of+the+people&qid=1625423794&sr=8-2 https://seekingalpha.com/article/195825-ares-buys-allied-capital-whats-next https://www.fool.com/investing/general/2015/03/26/allied-capital-5-years-after-its-downfall.aspx https://www.cfainstitute.org/en/research/financial-analysts-journal/2009/fooling-some-of-the-people-all-of-the-time Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

Carl Quintanilla, Jim Cramer and David Faber discussed a record run for stocks: The Dow closed above 34,000 on Thursday for the first time, going on to hit fresh all-time intraday highs at the market open along with the S&P 500. The anchors highlight stats which show U.S. stocks' 76% jump year-over-year from March 2020 lows marked the biggest such surge in 100 years. The anchors also took a closer look at Morgan Stanley's record first-quarter profit along with the losses related to the Archegos hedge fund scandal: What do this week's bank earnings mean for the financial sector going forward? The Treasury Department released a report saying it is keeping China on a watch list of countries with questionable currency practices but is not labeling it a currency manipulator. In the trading spotlight: Massachusetts regulators are seeking to revoke Robinhood's license as a broker-dealer in the state, accusing the firm of "aggressively inducing and enticing trading among its customers" - plus Greenlight Capital's David Einhorn blaming Chamath Palihapitiya and Elon Musk of throwing "jet fuel" on the GameStop trading frenzy. Also in focus: The reopening trade and the challenges Johnson & Johnson faces with its COVID vaccine on pause, David Faber's weekly SPACs report, and the state of the IPO market in light of this week's Coinbase direct listing.

In episode 9, Art discusses David Einhorn's 10 signs of a second tech bubble, and his assertion that the bubble already peaked in early September 2020. Articles and videos referenced in this episode: Greenlight Capital's David Einhorn just called the top in stocks, and gave 10 reasons why tech is in a bubble https://www.businessinsider.com.au/stock-market-outlook-top-call-einhorn-signs-technology-bubble-letter-2020-10?r=US David Einhorn: 10 Signs The Bubble Has Already Popped https://acquirersmultiple.com/2020/10/david-einhorn-10-signs-the-bubble-has-already-popped/ Value: After Hours S02 E43 Einhorn's Bubble Hunting, Risk-Taking, and Lessons from Nuclear Meltdowns https://youtu.be/AgpylaBGLHw Leave Art an audio message: anchor.fm/artofvalueinvesting Twitter: twitter.com/theartofvalue Email: theartofvalueinvesting@gmail.com --- Send in a voice message: https://anchor.fm/theartofvalue/message

In episode 9, Art discusses David Einhorn's 10 signs of a second tech bubble, and his assertion that the bubble already peaked in early September 2020. Articles and videos referenced in this episode: Greenlight Capital's David Einhorn just called the top in stocks, and gave 10 reasons why tech is in a bubble https://www.businessinsider.com.au/stock-market-outlook-top-call-einhorn-signs-technology-bubble-letter-2020-10?r=US David Einhorn: 10 Signs The Bubble Has Already Popped https://acquirersmultiple.com/2020/10/david-einhorn-10-signs-the-bubble-has-already-popped/ Value: After Hours S02 E43 Einhorn's Bubble Hunting, Risk-Taking, and Lessons from Nuclear Meltdowns https://youtu.be/AgpylaBGLHw Leave Art an audio message: anchor.fm/artofvalueinvesting Twitter: twitter.com/theartofvalue Email: theartofvalueinvesting@gmail.com --- Send in a voice message: https://anchor.fm/theartofvalue/message

The Buffet news and there’s also news that David Einhorn’s Greenlight Capital bought GDX, are signals of the mainstream starting to adopt and recognize the new bull market in Gold and precious metals. These guys don’t buy expensive things and they aren’t flippers.

The Jelly Donut Podcast #3 with David Einhorn was recorded on October 25, 2019. David Einhorn is the president of Greenlight Capital, a long/short hedge fund he co-founded in 1996. He is active in various philanthropic efforts including City Year New York, Sohn Investment Conference, Robin Hood Foundation, and Einhorn Charitable Trust. He graduated from Cornell University and is the author of the book, Fooling Some of the People All of the Time. In 2012, David wrote an article in the Huffington Post called, "The Fed's Jelly Donut Policy" which inspired the name of this podcast. Read the article here: https://www.huffpost.com/entry/fed-interest-rates_b_1472509. --- Support this podcast: https://anchor.fm/jellydonutpodcast/support

David Einhorn from Greenlight Capital is one of the most famous value investors out there, even with his aggressive investing style combining long and short. David Einhorn achieved annualized returns of 16.5% over 20 years. This makes him a great investor and will be forever. However, things are not that good lately. Greenlight capital fund is down 18.3% year to date while the S&P 500 is up! Want to know more about what I do? https://goo.gl/MQG2k5 Full-time independent stock market analyst and researcher! STOCK MARKET RESEARCH PLATFORM (analysis, stocks to buy, model portfolio) Stock Ideas and Analyses for The Small Investor: https://goo.gl/GdKEoe I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t More at the Sven Carlin blog: https://svencarlin.com/ Check out Modern Value Investing YouTube: https://www.youtube.com/c/InvestwithSvenCarlinPhD Like Modern Value Investing Facebook page: https://www.facebook.com/CarlinSven Connect with me on LinkedIn: https://www.linkedin.com/in/svencarlin/

Hedge funds have had a terrible year and a mediocre decade, yet they keep creating billionaires. Today we look at some of the most egregious examples of greed run amok. A question that may make you feel wholly inadequate as a saver and investor. Finally, what was a hedge fund and what are they now.

Bill Gross, a fund manager at Janus Henderson, says the job data was weaker than expected, but the Fed will still raise rates. Prior to that, Jeffrey Sachs, a professor at Columbia University, and Julia Coronado, the founder and president of MacroPolicy Perspectives, discuss the Fed's timeline and the impact of manufacturing innovation in the U.S. Finally, David Einhorn, the president of Greenlight Capital, says GM's capital structure is inefficient. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Bill Gross, a fund manager at Janus Henderson, says the job data was weaker than expected, but the Fed will still raise rates. Prior to that, Jeffrey Sachs, a professor at Columbia University, and Julia Coronado, the founder and president of MacroPolicy Perspectives, discuss the Fed's timeline and the impact of manufacturing innovation in the U.S. Finally, David Einhorn, the president of Greenlight Capital, says GM's capital structure is inefficient.

We start today with a question from Bill who would like to know for investors, would a democratic or a republican president be best. The next is a question from Eric who would like to know more about Yamana Gold (AUY). Steve writes in and asks Frank about insider sales. Rene writes in to ask Frank about the future of AveXis And our last question comes from a Peter who wants to know Greenlight Capital and Third Point LLC. If like to know about Frank’s special discount offers just . And don’t forget send in your questions