Thursday, November 6, 2014

Bullish on Greece? David Einhorn vs. ViennaCapitalist

David Einhorn is bullish on Greece. ViennaCapitalist comments on that:

"I do not hope/assume Einhorn deliberately wanted to convey a wrong picture. It is more likely that one of his many analysts made a mistake. Nevertheless, he should have noticed that this doesn’t add-up. Worse, the mistake is not merely academic, but has real implications for Einhorn’s investment thesis as it means that the Greek sovereign still has a massive debt problem, something which has to be addressed when talking about bank investments. Unfortunately, it is something he doesn’t mention further in his presentation".

Now I know what David Einhorn thinks.

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