‘Markets are broken’. This Wall Street legend thinks he has a solution
Markets might be at record highs, but David Einhorn says less and less money is focused on fundamental value. That’s forced a huge change in his investment strategy.
The S&P 500 couldn’t close above the magic 5000 point mark on Thursday night, but it still managed to deliver yet another record high for investors to cheer.
Well, most investors.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
