Einhorn's Q2 Letter

Interesting move was going from $GLD for owning physical gold and storing it because "storage was cheaper than GLD fees".... kind of gives a bit more credence to all the gold commercials we see on TV.

Also bought Dow Chemical (DOW) at $10 and sold at $12 "way too soon".


It is a 5 page letter and worth the tie to read (click all images to enlarge). The quote at the end is simply the best.....read it to see it










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