Wasn’t quite sure where to post this, but I y’day watched Michael Green (of index investing skeptic fame) talk to David Einhorn, (billionaire) hedge fund activist investor.
It’s fairly long (about an hour), but perhaps others are interested in watching.
My personal take away was that David Einhorn believes markets are broken (and have been for a while, and they won’t return to how things worked a couple of decades ago), but the refreshing part is that he is not whining about it and instead has adapted his investment approach to buying companies that generate cash flow and return that to their investors via dividends and buybacks.
(Of course you now know why Goofy likes David Einhorn as this pretty much summarizes most of Goofy’s stock picking approach.)
