David Einhorn: Market Structures Are Broken | Masters in Business

[@tylerwinkle323]

Kudos to Einhorn. Made something of himself after those Ivy League snobs snubbed him. Started his fund in a tiny office. Not many from the old school of Graham left in the game, the fact he's good enough to survive in this market environment says something about how good he is at what he does. He's the type of capital allocator the smaller enterprises need but never get.

[@jeremielachance6125]

@trave7644Because passive investing is based on the efficient market theory. The efficient msrket theory is based on the fact that extremely smart people research compagny and every data is known so its hard to beat the market. Tell me who does the research in a passive investor world? If passive investing was truely efficient, how come the price for asset between private and public equity is so different? We see equity bid 3x what the same asset is selling for in public equity.

[@jeremielachance6125]

@trave7644Passive investing bet other because overvalued stock became more and more overvalued. Its hard to comprehend how apple which has seen negative growth for the last year selling at 25x PE while a small high growing stock is selling in low digit multiple. I dont believe passive investing will beat hedge fund manager in the next 10-20 year.

[@georgeokello8620]

@trave7644Even though active managers have had horrible track records and it’s not rationally sensible to pay their high fees, you are advocating for these large monopolistic passive managers whom are taking public capital away from small younger new firms and concentrating them to large tech monopolies. Won’t surprise me that you even are unaware of the regulatory exceptions that firms like Vanguard advocated for from regulators during 2019 that prevented a red flag from being raised about the “diversify” of their securities.

[@ronneeades9394]

Great points about the influence of the passive, and particularly index rebalancing. Definitively a change in market dynamics impacting value strategies.

[@lucrative11]

Huh. Really interesting.

[@TooAjit2Quit]

Pure class. I enjoyed this interview

[@richard_ford]

Huh, really interesting......

[@foumar5217]

Nobody is paying attention, complete apathy, that makes sense. I see this all over in society. Makes sense what he‘s saying!

[@fdgdcfgfd6706]

Curious if David shared the title of Poker Book he referenced in this interview on physical tells.

[@mago3331]

class act great interview Thank you

[@briansusi7689]

How do you make a cultural connection when the other side doesn’t believe you have a right to exist ?

[@brunomanco7529]

Nevertheless its hard to find a good small undervalued company, thats so undervalued that its profitable and with good margins, fairly low debt, and that distributes 50% profits in dividend, but since its undervalued the yield is above 8%. Wheres that?

[@solaxun]

"Interesting"

[@zach4216]

"That's really interesting!"

[@drewnation9905]

dam, he almost final tabled the main event, that's sick

[@davidbixby2124]

BUY GLRE , $11.57 BOOK VALUE OVER $16 😀