Einhorn Places New Bets While Questioning the Future of Value Investing

The hedge fund discusses the future of value investing and its favorite “bubble” shorts in a letter that also revealed three notable new positions.

David Einhorn, Greenlight Capital (photo credit: Christopher Goodney/Bloomberg)

David Einhorn’s Greenlight Capital took three new “notable long positions” in the third quarter according to its latest client letter, in which the manager also questioned the future viability of its strategy of value investing.

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