David EInhorn (Greenlight Capital) says investors don’t care about value investing

David Einhorn, billionaire president of Greenlight Capital in his letter to investors said:

• Investors don’t understand or don’t care about valuations.
• Says the value investing industry is dead

That does not stop him from his value investing. Some of the stocks he has bought include:

• Penn Entertainment (PENN). The stock is down -33.44% in 2024, but he sees value.
• Hewlett Packard (HPQ) – Doen -6.33% in 2024
• Roivant Sciences (ROIV) – Down -3.12% in 2024
• Liberty Global (LBTYA) – Down -9% in 2024

He is also a large investor in gold which has done well in 2024 (up 12.71%.

Meanwhile, the major indices are now all negative:

• Dow industrial average -0.38%
• S&P index -0.32%
• NASDAQ index -0.19%
• Russell 2000-0.82%

Meta Platforms which reports after the close is trading down -1.18%. ServiceNow and Lam Research will also report earnings after the close:

• ServiceNow is training up $1.63 for 0.22% at $742.58
• Lam Research is trading up $1.49 or 0.17% at $888.91.

This article was written by Greg Michalowski at www.forexlive.com.