Einhorn on Gold, Apple, and Lessons from the Crisis

Hedge fund guru David Einhorn says gold has the biggest position in his portfolio, due to concerns about the U.S.’s monetary and fiscal policies and questions about the currencies of other big nations. Einhorn tells WealthTrack’s Consuelo Mack that in the stock market, he’s finding more good opportunities on the short side than the long side, though his fund still has more invested on the long side than the short side. Apple and Pfizer are among the stocks he’s high on. Einhorn, whose Greenlight Capital has produced a greater-than 21% annualized net return for partners since its 1996 inception, also talks about lessons from the financial crisis, why he thinks credit agencies shouldn’t exist, and why he’s staying away from big money center banks.

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