as if that's a moral victory... I have got a lot more that this... this is worth repeating because people don't realize the significance of this fact.
He's been shorting NFLX and TSLA, probably some other irrational stocks too. You want to short those things so bad but...the price is still going up. Keynes won again, market can stay irrational longer than Einhorn can stay solvent!
He is running this giant spread trade of long value vs short momo (90% long 70% short IIRC), one of the worst trades to run at the late stages of a bull market. Well, until it isn't and it becomes a great trade. He is not a market timer (by his own admission) so he is getting hurt. It seems to me that this is exactly the type of trade one should only risk their reputation and entire career IF they were a good market timer, but not otherwise. But he seems to disagree....
Interesting. If the momo stocks are irrationally priced then they'd need some kind of event or reason to change and became rationally priced. Trying to have a sane response to insanity is itself insane, even if you're factually "correct".
Folks here kept reminding me that it is risk adjusted returns that counts. His risk adjusted negative returns beat my risk adjusted positive returns hands down.