Business Insider: Billionaire Investor David Einhorn Says Warren Buffett's Recent Stock Sales Show Just How Overvalued the Market Is
Article by Filip De Mott in Business Insider
Investors are fueling what looks like the most expensive stock market in decades, billionaire investor David Einhorn wrote in his hedge fund's quarterly letter. Just consider the fact that Warren Buffett is cashing out of the bull run, it said.
According to the Greenlight Capital letter, equities are the most overvalued since the firm's founding in 1996.
The fund noted that now is likely not a good time for high equity exposure, and ......