There is a pattern: he was successful at picking and shorting fraudulent FINANCIAL companies, where the only thing matters is the balance sheet that he understands. But, then he turned around and starting to short TECH companies that were high growth with high multiples placed on FUTURE value of a technology. To see whether a tech company's high multiple is justified or not, you need to understand the technology, which he clearly DOES NOT. So he started betting against tech winners, because they had too high valuation in his rear-view-mirror based financial analysis. Lesson to learn: stay within your expertise! Do not try to judge players in industries you have no clue about!
Bullshit. Tesla was valued more than Ford. GM, Volkswagen and a couple others COMBINED, at a time they sold 21 million vehicles and Tesla. 340k. THE OMLY thing he misread was the Bernie Sanders/ Donald Trump like cult factor. You don’t need to understand the 16th century Dutch Tulip Bulb.
@@raindogs451 why don't you also add all oil companies, dealerships, fueling stations, insurance companies, parts manufacturers ? Because Tesla is not just final assembly of cars, they do all the others listed too.
@@TheZsolZsol That's a good question, and worthy of discussion, although most of the industries are not germane to this paricular discussion. Musk won't end any of these industries, and to the extent they're disruptedit won't be Musk alone. Musk isn't the first, and he does deserve some credit for deliverng Apple type panache to the Tesla brand. But whether it's a power wall, or solar roofs, Musk has to deliver good, consistent earnings. To date, he has not. He's made progress on some. But add every thing up, and the real earnings don't COME CLOSE to the valuation. Not close. Musk wants you to believe he hung the moon. He did not.
Einhorn has been shorting AMZN and NFLX as well as TSLA for years; a hat trick to regret forever. Ego and the desire to be "right" kills these dudes as it's doing with those who shorted GME and AMC.
what a dumb thing to say. look into the guys history. he's been wrong plenty of times but he is smarter than you and a better investor, and likely a better poker player.
Boomers screeching about fundamentals is so fucking hilarious its like they don't realise the stock market is one big game. If you don't have a dividend, then your stock is backed nearly purely by market sentiment and 'fundamentals' are just an illusion to give people the feeling like the price goes up/down for logical reasons. Delusional shit.
The fact that Tesla is trading today at 2/3s of its high is useful to know. Many other stocks that soared until February have plummeted that much and more. When the stimulus and super unemployment run out (when there is no one left to pump), a 33% loss may look like a gift. Regarding dividends, that's just not true. There are some very profitable companies that cost 10%ish more than their tangible book value. In other words, they could be sold for parts and the shareholders would only lose a tiny amount of their investments. That's where my money sits (for the part that isn't day trading technicals).
@Northern Wealth Anarchy Perimeter Lehmann also wasn't a very hard bet. For months it's stock was falling and falling, the only risky bet was betting on the government not saving them.
yah.. .i really enjoyed that. I think it would've been LESS embarrassing for the boy if elon had setup a mash 4077th episode of disappearing shower walls as the entire local YWCA local chapter looks on in an extreme fit of laughter at a bad case of 'shrinkage'. lol.
That's until somebody somewhere starts crashing down financially. Hey Amazon is too big to fail but all you need is 1 company to fall then we all see what a bubble means
@@ristekostadinov2820 I'm sure all these hedge funds tribalize like the rest of the country does. So if one hears something, the others will know before you and I ever will. Word travels fast on the streets wall street might be no different.
no different than major market media talking hot trade ideas n news related trades when in reality they been in it they want retail to pump their bags create fomo so after making big unrealized pnl they have the liquidity at high levels preventing slippage while they exit massive positions... sell into strength allows em to scale out n not spike the order book. most ppl dont think about that and while the activist short selling is more negative/ blatantly manipulation/ n riddled with misinformation it happens with far less frequency than the media example i just said.. at end of day the market is rigged for the rich n the exchanges survive off fresh blood as most ppl quit after blowing up accs.. they make the rules as shit grows n dont get the same charges for crimes we would get hung on despite them doin it at magnitudes greater ....sthe banks legal teams write incredibly tricky derivative assets to push on the rest of the world taht exploit grey areas in national and global laws that churns money before the buyers understand they bought dogshit n taht jig is up, new one on the way.. Once u understand and accept that its all bout linkin with them on the meta and riding their coattails to tendies n moral decay!!!! n wow this trading powder got me writing books on youtube comments at 7am LOL
Totally agree. Where do you draw the line on when it comes to manipulation? I would think throwing opinions out there on national TV to move the price is pretty manipulative. It’s no different than the actual company providing a press release. It’s info that is taken seriously by the market.
Well Tesla has a P/E ratio of 1000 while its competitors are catching up (in Europe Tesla lags behind VW in electric). So it's fair to say a correction is due before the end of the year. Say it goes back to a more normal 30 P/E ratio, thats a stock price of 22$ instead of 660$. So Einhorn could win his bet.
@@Iuckylukey LOL. We will see. i cant wait to see the shorters faces after this massive scaling of production is over. We still have the energy sector since Tesla is getting into the power market in texas. Omg that is another big one. Hold your horses.
Two points. He doesn't comprehend the "Amazon" business model and he's got a big hate on for Tesla since it's made a fool of him. The latter has clouded his judgment.
To be fair amazons business model doesn’t make sense It’s the dominant cloud technology provider, used by engineers, known for paying very well and employees walking away millionaires. Then there’s the retail section on the side, which brings in less profit, bad press, requires extensive and expensive real world assets, and is known for abusing employees. AWS is basically propping up a retailer
@@conformtoserveband2312 The market would be much better without margin and leverage. Why would you be able to sell what you don`t own? This is bullshit my friend. Made up bullshit so wallstreet and bankers has more options to redistribute wealth to the 1%
He is a perfect example of being born into money and being entirely out of touch with reality. He understands what created value in the old world and hasn't realized that we are continually evolving. Planned obsolescence, profit for the sake of profit, and a ton of inefficiencies are going out the window.
@@ascensionblade because institutions and people sold their shares. The quality of the company doesn't set market price. It's not like there was a huge scandal that revealed fraud or exploitation where their workers are peeing in bottles to not get fired. The entire market is selling off because people are worried about inflation due to the treasury bond prices.
I have a friend who is short the dow, nasdaq and s and p. This friend doesn't realize that this market can stay irrational longer than you can stay solvent.
He unfortunately underestimated Tesla and at this point is letting his personal feelings cloud his judgement. What he is missing is the fanbase Elon has and like Apple, people have bought in to his dream and will continue to throw money at him. It will be very interesting to see if the Cyber truck takes off and how big. If Tesla can manage to pump out ridiculous numbers of the Type 2 in China while constantly making its batteries better, you would be a fool to short Tesla as like it or not, electric vehicles are here to stay.
Very true. Tesla was able to do secondary offering when it was about to run out of money a few years ago thanks to fan boys. We really were putting our money in Elon’s vision before any concrete evidence that the company would survive. And it paid off big and hopefully continue to do so.
There's more to Tesla than cars. It's largest profit potential may be its battery technology and charging stations which it could allow other electric car companies to use. I'm personally disappointed in its self-driving AI because of my own knowledge and background in software development, it should be better by now.
Great job on this story. Typically videos like these have a lot of waste. This was exact and efficient with well placed actual footage. Very well done.
You can always say "I was wrong", change your approach and start making money again. Holding onto something that doesn't work is the way to loss and sadness. Doesn't matter whether you have $100 or $10 billion.
He seems like a man who is Nostalgic in nature. His values are more driven by a dream to keep things as they are as compared to seeing where the world is going. So I can say he will win with the losers...
@@kennethmoore-cq7bj So why are you so violently insulting everyone, something is wrong with you emotionally or intellectually. And why are you so adamantly defending this clear case of bad decisions and mismanagement. Also, just two months ago Melvin Capitol had to be bailed out by Citadel LLC and Point72 Asset Management. He didn’t say government bail out he said bail out. You should probably stop insulting everyone and take a deep breath. Also you’re an idiot
That guy can't accept tech companies are not valuated by current fundamentals but possible future. Tell him you are positive about your future and he will short you too.
Nikola / Theranos / Faraday Future/ uBiome - these were also tech companies that were not valuated by current fundamentals but possible future. I'm not defending the guy, but its not black and white.
I've got an idea for a book. It's complicated, but stick with me ... Once upon a time there was a baby dinosaur called David. He learnt everything he knew from daddy dinosaur. Now he's extinct and he doesn't know it yet. The end.
A person can live a long, happy and successful life without shorting a single stock. With all due respect to Mr Einhorn and that Chicago School guy(He won a g d Nobel prize) economics is a lot more emotions and a lot less rational than smart people seem to realize. Best wishes and so on JoM
I always wonder why people type something like you did, without taking the 2 seconds it would take to google and learn you were wrong first. The internet is right here.
When you have a thesis without understanding the underpinnings of it, it's a matter of time before the wind direction changes and everything falls apart.
He probably needs to close his existing fund and start with a new one. Since his performance fee will revolve around high watermark, his existing fund greatly handicaps him in this respect.
Einhorn set his pattern when he was young. The world has changed around him as he digs in on the beliefs that won him followers in the past. Reasoning has been replaced with ego. He is determined to prove himself right in a Monty Python way.
This action would break the internet, burn all communication network lines, and cause your electrical outlets to produce water. God himself would appear just to fact check Jones and Trump as Young Jamie cries in the corner.
Fun fact: that quote attributed to Napoleon, was from the battle of waterloo. The one he lost because his enemy was in fact not making a mistake but knew the terrain better and was able to take advantage of what would be traditionally an ineffective position. Fate loves irony
There are a lot of so called tech companies that actual do not provide tech hardware or software, these are the tech companies to short because all their income is derived from investors, such as Weworks
They say that insanity is doing the same thing over and over, and expecting different results. Einhorn obviously doesn't understand tech. He should admit his mistakes and quit shorting tech companies.
Life is volatile... us retailers THRIVE in this atmosphere. dji down almost 300 today and I had a killer green week. They forget we are the ones with all the money. Apes por vida!
I always go into short sellers stocks they short it's the easiest place to find a big winners because they short terrible companies so the great ones stick out...lol
The penalty for arrogance and over-confidence... Coupled with a backward-looking philosophy that is proving to be the nemesis of many "traditional" analysts and observers.
He wasn't "wrong" on the rationale behind shorting Tesla, he was just early. Tesla was (and is) completely overvalued, but it doesn't matter what it's actually worth, it's what everyone thinks it's worth. If everyone else was smarter it'd be at zero now, but he underestimated market stupidity.
The market crash prediction has been going for months now, imagine if you've invested heavy then. The truth is no one actually knows if the crash is gonna happen. some said it will happen immediately after the election, hello we're done with the election now. You just have to invest smartly . I'm glad it worked for me with the help of an investment advisor, I recently added my $250,000 profits to my portfolio.
I'm new to the stock market, learned so much already online and obsessing atm, i need monitoring and guidance as i'm desperate to get into investing now, please can you share more info about your investment advisor?
Who in their right mind would short the biggest tech companies in the information age? What was he thinking? That this "technology thing" was going to blow over?
My personal portfolio/investment manager; Mr Naziri after a whole week of research,he runs an investment platform where you don't have to undergo any stress in the trades, he manages my trading account which i opened with a capital of $3000 and now i have grown my portfolio up to over $21,500, a huge success
If you look at TSLA as just a business, he's not wrong. They were only profitable last year because they sold carbon credits and not their actual cars. It's probably just surprising to this guy that potential and hype can pump up a price for this long.
Tesla is not hype if you look at what they're doing and their possible markets they can go into it will be a multi trillion dollar business in the future.
A guy who shorted Amazon, Netflix & Tesla has survived, that is one hell of a survival story!
I came here to know how he survived, rather than to know his losses.
He’s got no idea.
@@josephj6521 No idea is infinitely better than an idea like this!
I mean it's not his money
Need to meet the guy. I will take the opposite position.
Quickest way to become a millionaire: Start as a billionaire and short meme stocks.
HAHAHAHAHA
thats a way to become poor you mean
@@turok637 u didnt get it did you
i laughed excessively
well, you can as quickly become thouseneer by going long on those stocks as well, it goes both ways.
There is a pattern: he was successful at picking and shorting fraudulent FINANCIAL companies, where the only thing matters is the balance sheet that he understands. But, then he turned around and starting to short TECH companies that were high growth with high multiples placed on FUTURE value of a technology. To see whether a tech company's high multiple is justified or not, you need to understand the technology, which he clearly DOES NOT. So he started betting against tech winners, because they had too high valuation in his rear-view-mirror based financial analysis. Lesson to learn: stay within your expertise! Do not try to judge players in industries you have no clue about!
Bullshit. Tesla was valued more than Ford. GM, Volkswagen and a couple others COMBINED, at a time they sold 21 million vehicles and Tesla. 340k. THE OMLY thing he misread was the Bernie Sanders/ Donald Trump like cult factor. You don’t need to understand the 16th century Dutch Tulip Bulb.
@@raindogs451 why don't you also add all oil companies, dealerships, fueling stations, insurance companies, parts manufacturers ? Because Tesla is not just final assembly of cars, they do all the others listed too.
@@TheZsolZsol That's a good question, and worthy of discussion, although most of the industries are not germane to this paricular discussion. Musk won't end any of these industries, and to the extent they're disruptedit won't be Musk alone. Musk isn't the first, and he does deserve some credit for deliverng Apple type panache to the Tesla brand. But whether it's a power wall, or solar roofs, Musk has to deliver good, consistent earnings. To date, he has not. He's made progress on some. But add every thing up, and the real earnings don't COME CLOSE to the valuation. Not close. Musk wants you to believe he hung the moon. He did not.
@@raindogs451 hmmm
. Tesla doesn't only sell car.. it's a tech company that sell cars, solar panels... etc..
@@raindogs451 You're forgetting to substract the negative value of the ICE production lines from the legacy auto makers' valuations.
Einhorn has been shorting AMZN and NFLX as well as TSLA for years; a hat trick to regret forever. Ego and the desire to be "right" kills these dudes as it's doing with those who shorted GME and AMC.
They're right once in 10 years and somehow think they're gods
i would keep the short on NFLX because of strong competion
can you expect anything more from someone who was given 900k for a startup? ;)
There are a lot of overvalued companies. However, the market can remain irrational longer than you can remain solvent.
If it wasn't for pandemic. He would be right.
Basically just buy everything Einhorn says to short. 😅
🤣🤣🤣
I lost a lot of money on one of his longs - SunEdison, thank god I held on my Tesla shares and didn't go short.
Or short his fund 😅
what a dumb thing to say. look into the guys history. he's been wrong plenty of times but he is smarter than you and a better investor, and likely a better poker player.
a lot of people have gotten rich doing the opposite of kramer's advice i can assure you
Well he clearly didn't realize that fundamentals mean nothing and stonks only go up
Boomers screeching about fundamentals is so fucking hilarious its like they don't realise the stock market is one big game. If you don't have a dividend, then your stock is backed nearly purely by market sentiment and 'fundamentals' are just an illusion to give people the feeling like the price goes up/down for logical reasons. Delusional shit.
@@tripplefives1402 stinks go 🆙
The fact that Tesla is trading today at 2/3s of its high is useful to know. Many other stocks that soared until February have plummeted that much and more. When the stimulus and super unemployment run out (when there is no one left to pump), a 33% loss may look like a gift.
Regarding dividends, that's just not true. There are some very profitable companies that cost 10%ish more than their tangible book value. In other words, they could be sold for parts and the shareholders would only lose a tiny amount of their investments. That's where my money sits (for the part that isn't day trading technicals).
When money printer goes BRRRR, stonks only go up
You are the next candidate for the Nobel Prize for your scientific research with the result " STONKS ONLY GO UP "
Imo the older you get the less accurate your predictions about future tech gonna be. This guy is a good example of this.
He was unconsciously incompetent and let his ego get the best of him.
I think he is the definition of a one trick pony. He has a hammer and everything looks like a nail. One size fits all approach. Out of clichés.
@Andre Catenani I get the feeling you intentionally misunderstood what I wrote.
@@no0channel0at0all he's richer and more succesful than you, you better stfu
@Northern Wealth Anarchy Perimeter Lehmann also wasn't a very hard bet. For months it's stock was falling and falling, the only risky bet was betting on the government not saving them.
A pair of short shorts?!?! Holy fuck that is so savage I busted out laughing 😂
Bust a nut!
Treelon Musk. Mr Unicorn. What a legend.
yah.. .i really enjoyed that. I think it would've been LESS embarrassing for the boy if elon had setup a mash 4077th episode of disappearing shower walls as the entire local YWCA local chapter looks on in an extreme fit of laughter at a bad case of 'shrinkage'. lol.
He’s right, companies are overvalued, but that doesn’t mean valuations will drop. They could stay overvalued for years.
Nothing is overvalued since the Fed started printing…
"The market can stay irrational longer than you can stay solvent"
Who would win in a fight: Twelve billion tendies or one electric boi?
Electric boi, until we pull the plug.
🔋 🔋
Well, E-boy is worth 164B USD. That’s 14x times Einhorn’s fund at their peaks.
Never bet against the Elon...
Financiers believe that the universe revolves around the laws of finance. Engineers know that the universe revolves around the laws of physics.
That's until somebody somewhere starts crashing down financially. Hey Amazon is too big to fail but all you need is 1 company to fall then we all see what a bubble means
In the age of the internet all you need is the law of meme
I mean, activist shorting is all nice but it's genuinely market manipulation. These people have no idea how hypocritical they look. Great video.
i wonder how these activist short sellers have this ground breaking info, are they involving themselves in insider trading like Steven Cohen
@@ristekostadinov2820 I'm sure all these hedge funds tribalize like the rest of the country does. So if one hears something, the others will know before you and I ever will. Word travels fast on the streets wall street might be no different.
no different than major market media talking hot trade ideas n news related trades when in reality they been in it they want retail to pump their bags create fomo so after making big unrealized pnl they have the liquidity at high levels preventing slippage while they exit massive positions... sell into strength allows em to scale out n not spike the order book. most ppl dont think about that and while the activist short selling is more negative/ blatantly manipulation/ n riddled with misinformation it happens with far less frequency than the media example i just said..
at end of day the market is rigged for the rich n the exchanges survive off fresh blood as most ppl quit after blowing up accs.. they make the rules as shit grows n dont get the same charges for crimes we would get hung on despite them doin it at magnitudes greater ....sthe banks legal teams write incredibly tricky derivative assets to push on the rest of the world taht exploit grey areas in national and global laws that churns money before the buyers understand they bought dogshit n taht jig is up, new one on the way.. Once u understand and accept that its all bout linkin with them on the meta and riding their coattails to tendies n moral decay!!!!
n wow this trading powder got me writing books on youtube comments at 7am LOL
@@kennethmoore-cq7bj exactly just gotta accept that is a big part of tge game, and adapt ur game to use it dor ur own tradin
Totally agree. Where do you draw the line on when it comes to manipulation?
I would think throwing opinions out there on national TV to move the price is pretty manipulative. It’s no different than the actual company providing a press release. It’s info that is taken seriously by the market.
8:40 We won't interrupt Einhorn while he is making his biggest mistake.
Gosh, I wish my dad gave me $900K to start a "successful" startup.
You would just open up a snow cone stand and blow the rest on Hookers and Drugs like a Rock Star.
He definitely got a lot more than that
Rather than wishing that, perhaps you should work towards being able to give your son or daughter that.
He took it to $12B that's 1300X.....
I just want to remind everyone that technically... there are no limits to the possible losses in a short position.
Yeah, Or you could just close your position.
GME GONNA FLYYYYY
@@Ryan-we9in egos won't let them
Agreed, short positions are for day-trading only and long-term shorts are suicidal.
Melvin Capital probably agree
lol the problem is Einhorn got confused on what's a disruptive innovative company and a fad
To be fair he is not alone.
Cue in the hordes flocking to "the next Tesla", none of which is even remotely close.
Well Tesla has a P/E ratio of 1000 while its competitors are catching up (in Europe Tesla lags behind VW in electric). So it's fair to say a correction is due before the end of the year. Say it goes back to a more normal 30 P/E ratio, thats a stock price of 22$ instead of 660$. So Einhorn could win his bet.
@@Iuckylukey The market is forward-looking.
We price *now* on *future* earnings.
@@musaran2 absolutely. But 1000 p/e is not too extreme?
@@Iuckylukey LOL. We will see. i cant wait to see the shorters faces after this massive scaling of production is over. We still have the energy sector since Tesla is getting into the power market in texas. Omg that is another big one. Hold your horses.
Two points. He doesn't comprehend the "Amazon" business model and he's got a big hate on for Tesla since it's made a fool of him. The latter has clouded his judgment.
Ego battle at this point...
To be fair amazons business model doesn’t make sense
It’s the dominant cloud technology provider, used by engineers, known for paying very well and employees walking away millionaires.
Then there’s the retail section on the side, which brings in less profit, bad press, requires extensive and expensive real world assets, and is known for abusing employees.
AWS is basically propping up a retailer
His name translated to english is legit „unicorn“
Hilarious
From what other language ?
@@702Blunt From german...
Oh, I thought it was dickhead, I was wrong.
No it means one horn, ein=1 and unicorns have 1 horn.
What a sad life to live when all you're working towards is hoping good companies fail.
Without short sellers the market wouldn’t function. Short selling isn’t about hoping companies fail.
Well said, Barry.
Like Enron. Damn short-sellers for ruining that great companies and all other companies. Basically if it’s a company it’s good.
@@conformtoserveband2312 The market would be much better without margin and leverage. Why would you be able to sell what you don`t own?
This is bullshit my friend. Made up bullshit so wallstreet and bankers has more options to redistribute wealth to the 1%
Some of them should be prosecuted for saying bad things to make the price drop. Musk lost his chairman's position for comments he made.
He is a perfect example of being born into money and being entirely out of touch with reality. He understands what created value in the old world and hasn't realized that we are continually evolving. Planned obsolescence, profit for the sake of profit, and a ton of inefficiencies are going out the window.
Why is Tesla down 33% if that's true?
@@ascensionblade because institutions and people sold their shares. The quality of the company doesn't set market price. It's not like there was a huge scandal that revealed fraud or exploitation where their workers are peeing in bottles to not get fired. The entire market is selling off because people are worried about inflation due to the treasury bond prices.
@@ascensionblade in other words, right now, every company is down to some varying degree.
@@ascensionblade lol I’ll take 33% draw down any year if the stock doubles every year
@@howo357 said literally anyone who isn't under a vow of poverty 😁😉
I have a friend who is short the dow, nasdaq and s and p. This friend doesn't realize that this market can stay irrational longer than you can stay solvent.
RIP.
losing money every day...
He is shorting the biggest cinema for home, biggest oppertunity to change mobility, biggest warehouse on the eath. Er ist wirklich ein Einhorn.
He unfortunately underestimated Tesla and at this point is letting his personal feelings cloud his judgement. What he is missing is the fanbase Elon has and like Apple, people have bought in to his dream and will continue to throw money at him. It will be very interesting to see if the Cyber truck takes off and how big. If Tesla can manage to pump out ridiculous numbers of the Type 2 in China while constantly making its batteries better, you would be a fool to short Tesla as like it or not, electric vehicles are here to stay.
Very true. Tesla was able to do secondary offering when it was about to run out of money a few years ago thanks to fan boys. We really were putting our money in Elon’s vision before any concrete evidence that the company would survive. And it paid off big and hopefully continue to do so.
All the kids agree too.
Plus it’s backed by the richest man in the world..
@Andre Catenani you are the fool if you think a person who buy low sell high is the fool
There's more to Tesla than cars. It's largest profit potential may be its battery technology and charging stations which it could allow other electric car companies to use. I'm personally disappointed in its self-driving AI because of my own knowledge and background in software development, it should be better by now.
Gotta give it to him he 💎 ✋his position till this day
Yup 💎 👐 now he should join us on WSB and buy GME
@@emachine310 Apes together strong.
@@emachine310 he should short gme so we can take the rest of his money
@@diyaasaeed7959 😂😂😂😂
Great job on this story. Typically videos like these have a lot of waste. This was exact and efficient with well placed actual footage. Very well done.
“Remember, my son, that any man who is a bear on the future of this country will go broke.” JP Morgan, 1908.
Ooops.
LoL! Listening to someone talking 113 years ago, the house of cards is coming down.
"Remember, my children, anyone who is a bull on the future of this country which will be wrecked by Climate Change will go broke" me, 2021
@@madsam0320 yes and look at our national debt, and a 3 trillion budget short fall this year. I believe the US is done.!
wish I know this 20 years back.
I never shorted a stock ... my first one will be RH IPO
That's one company everyone that dosnt have an account with RH wants to see fail
He shorted for the right reasons, however his reasons were outdated.
You can always say "I was wrong", change your approach and start making money again. Holding onto something that doesn't work is the way to loss and sadness. Doesn't matter whether you have $100 or $10 billion.
Shorts sellers are best thing retail traders can ask for, they expose fraud company..they dont have to be right but it keeps a check
He seems like a man who is Nostalgic in nature. His values are more driven by a dream to keep things as they are as compared to seeing where the world is going.
So I can say he will win with the losers...
lol elon sends him short shorts. this dude really does get the internet
3rd , well done on the amazing work dude, youve come a long way in such a short time.
This guy is Literally the real life version of dude who was mad jealous of stark!! IM dead
yep, remember the name?
@@leonleon2021 Justin Hammer?
@@kavky yep, justin hammer irl.
Justin hammer ass
@@kakerake6018 u want his ass? 🤔
Imagine had he gone long. Dude would be a legend
Greenlight Capital rose 36.6 percent last year. Tesla is plummeting and so is Netflix and Facebook.
Imagine seeing TSLA as a baby company and all it's potential, and SHORTING it :o
Tesla potential is huge and in 30 years time, with Elon, Tesla will still be growing. Boomers mind cannot grasp this level of change.
I wouldv been cautious of Tesla in its early years aswell. Elon musk proved that the bussiness can power through tho.
Einhorn just needs his daddy to give him another 900 million dollars and he'll be back on top!
it was 900k. the guy is still loaded.
Because idiot hedge funds always ask for free bails to clean up their billion dollar fak ups.
@@kennethmoore-cq7bj So why are you so violently insulting everyone, something is wrong with you emotionally or intellectually. And why are you so adamantly defending this clear case of bad decisions and mismanagement. Also, just two months ago Melvin Capitol had to be bailed out by Citadel LLC and Point72 Asset Management. He didn’t say government bail out he said bail out.
You should probably stop insulting everyone and take a deep breath. Also you’re an idiot
@@nigelrathbone6552
Bruh don’t mind him he just seeking attention, look at him he lookin like an ugly bald ass nazi lmao in his deadlift 🤣
😂😂
That guy can't accept tech companies are not valuated by current fundamentals but possible future. Tell him you are positive about your future and he will short you too.
Nikola / Theranos / Faraday Future/ uBiome - these were also tech companies that were not valuated by current fundamentals but possible future. I'm not defending the guy, but its not black and white.
"Einhorn and Finkle...... Finkle and Einhorn"
I came here to make this joke, well done
Thankyou! It was driving me nuts, I knew I'd heard that name before 🤣🙏
Einhorn is a MAN.....oh my god
These are the same scumbags we are battling by holding AMC today. Good video.
Instead of shorting, if he invested in the basket, he would have being a very successful hedge fund manager 😂
With a Cornell degree in government, it is amazing that he didn’t see that the government was/is actually supporting Tesla . Oh well.
I've got an idea for a book. It's complicated, but stick with me ...
Once upon a time there was a baby dinosaur called David. He learnt everything he knew from daddy dinosaur. Now he's extinct and he doesn't know it yet. The end.
I love seeing the stock prices from these old videos, makes me feel incredibly unintelligent
A person can live a long, happy and successful life without shorting a single stock. With all due respect to Mr Einhorn and that Chicago School guy(He won a g d Nobel prize) economics is a lot more emotions and a lot less rational than smart people seem to realize. Best wishes and so on JoM
So basically he got two big Bets right then threw everything on one last Bet against Netflix Amazon and Tesla!
And now he’s broke 😅 lol
his company is broke. daddy is still a billionaire
Anger is my own worst enemy i dont like to lose starting to understand how things really work....
A thing I have learned is Never short a business with high future growth potential/Future theme, no matter how crazy the valuations are
He was just a little early.
Short-selling is a terrible way to make money. It opens yourself to unlimited losses and you can't really scale.
never short even if an business is shit they can always get bought out by an good one? right?
I learned it the hard way.
Never understood it. Shorts have limited upside and unlimited downside. Even if you were 99% sure why risk it.
Put options are a better way to take a bearish position.. at least your losses are limited..
Let’s just welcome them and take their gains
Thanks, I've seen bit & pieces of this story over the years, but your video brings everything into clear focus.
He may have done better if he shorted Greenlight Capital to hedge his position
😅
What a Dope. "Never interrupt your enemy..." quote if from Sun Tsu, not Napoleon.
I always wonder why people type something like you did, without taking the 2 seconds it would take to google and learn you were wrong first. The internet is right here.
@@TheSofajockey Sun Tzu said it first.
This was back when I still had respect for Maria Bartoloma
Yup, she's a drumpf tool now
When you have a thesis without understanding the underpinnings of it, it's a matter of time before the wind direction changes and everything falls apart.
He probably needs to close his existing fund and start with a new one. Since his performance fee will revolve around high watermark, his existing fund greatly handicaps him in this respect.
This didn’t age well.
still cant believe he shorted Amazon. well at least he got a free pair of shorts for his Tesla position. worth more a billion dollars to Einhorn.
9:23 that letter is genius and hilarious xD
Einhorn set his pattern when he was young. The world has changed around him as he digs in on the beliefs that won him followers in the past. Reasoning has been replaced with ego. He is determined to prove himself right in a Monty Python way.
Shorting tech stocks of Google Amazon and Apple is really insane
I feel a little sorry for the guy. Unlike many short sellers, he thinks he's doing the right thing.. BTW I own TSLA.
Stock or Cyrbertruck?
Next wallstreet millenial story, how tesla took down legendary investor Christian Bale, AKA batman AKA Michael Burry.
How is there not a 4 hour long podcast with Joe Rogan, Donald Trump, Elon Musk, Tim Dillon, and Alex Jones by now!?!?
That would break the internet. And would probably be deemed hate speech by the fact-checking gods
This action would break the internet, burn all communication network lines, and cause your electrical outlets to produce water. God himself would appear just to fact check Jones and Trump as Young Jamie cries in the corner.
7:26 you’d think this guy could afford a decent toupee.
i recently drove a Tesla 3 and i was blown away. i would never short Tesla.
Fun fact: that quote attributed to Napoleon, was from the battle of waterloo. The one he lost because his enemy was in fact not making a mistake but knew the terrain better and was able to take advantage of what would be traditionally an ineffective position.
Fate loves irony
One of the rules of wealth is always check your ego
For I will say his ego made him fall.
Aaaand 2021 1st Quarter TSLA production beats the crap out of street expectations.
This video has me very concerned about Einhorn’s hair, what’s going on their.
There are a lot of so called tech companies that actual do not provide tech hardware or software, these are the tech companies to short because all their income is derived from investors, such as Weworks
Did you say "Prestigious" Cornell University?
yep, he said it loud and clear.
They say that insanity is doing the same thing over and over, and expecting different results. Einhorn obviously doesn't understand tech. He should admit his mistakes and quit shorting tech companies.
The way he starts blinking Morse code, when he talks about Tesla's RnD really makes wonder if he really means what he says.
"Help I am held hostage by my ego"
Life is volatile... us retailers THRIVE in this atmosphere. dji down almost 300 today and I had a killer green week.
They forget we are the ones with all the money.
Apes por vida!
I always go into short sellers stocks they short it's the easiest place to find a big winners because they short terrible companies so the great ones stick out...lol
is there a website that keeps track of that?
@@tenzinpassang4812 Yes of course there is and it's totally free and everyone get access to it at the same time.
That heavy blinking tells me something lol
Einhorn isn't wrong, he just hasn't heard JM Keynes' quote that the market can remain irrational longer than you or I can remain solvent.
The penalty for arrogance and over-confidence... Coupled with a backward-looking philosophy that is proving to be the nemesis of many "traditional" analysts and observers.
In contrast, in 1996, I moved out of my fathers house and went into debt in student loans, which have yet to be fully paid off.
Yes, but you are a real person, in touch with reality, and probably honest. 8-)
That will teach you to be born into the wrong family! Learn from it and do better next time.
Are you a doctor?
There’s just some people that don’t know when to cut their losses
Tesla going to be bigger than Apple in the next 10 years. Don't doubt incredible ingenuity and hard work
How?
yeah. electricity will spike in price and he'll put planned obsolescence in his software. totally legit.
cybertruck financial meme here
He started out so good! He should have stuck to long positions in companies with good fundamentals.
He should have put it in some well balanced mutual funds and he would be doing well
Ben Shapiro ran a hedgefund, well I'll be damned.
This whole video aged badly
He wasn't "wrong" on the rationale behind shorting Tesla, he was just early. Tesla was (and is) completely overvalued, but it doesn't matter what it's actually worth, it's what everyone thinks it's worth. If everyone else was smarter it'd be at zero now, but he underestimated market stupidity.
Tesla is extremely undervalued. Lol
Also.. "You have our sympathies" cracking response Elon. 😁😆🤣
The market crash prediction has been going for months now, imagine if you've invested heavy then. The truth is no one actually knows if the crash is gonna happen. some said it will happen immediately after the election, hello we're done with the election now. You just have to invest smartly . I'm glad it worked for me with the help of an investment advisor, I recently added my $250,000 profits to my portfolio.
I heavily missed out on going into the market during the lockdown.
The real secret of building wealth is by having multiple streams of income. That includes both online and offline investments.
I'm new to the stock market, learned so much already online and obsessing atm, i need monitoring and guidance as i'm desperate to get into investing now, please can you share more info about your investment advisor?
i trade with Jessica Lee Aquiler
Know what my dad gave me to start off my career? A handshake and told me good luck.
it gives me schadenfreude seeing this kind of hedgefund bro getting things so spectacularly wrong
Who in their right mind would short the biggest tech companies in the information age? What was he thinking? That this "technology thing" was going to blow over?
Mr Naziri is the best, recommending him to all beginners who wants to recover losses like I did
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Short sellers are like short thinkers who do not see future trends. Einhorn is the GM of hedge funds.
they are gamblers who had a lucky streak
This is what happens when you do not have the vision to see where companies are going and only rely on the spreadsheet.
Never bet against Elon Musk or you'll end up looking like a clown
Shorting monopolies is something to be very careful about.
If you look at TSLA as just a business, he's not wrong. They were only profitable last year because they sold carbon credits and not their actual cars. It's probably just surprising to this guy that potential and hype can pump up a price for this long.
It's mostly bc of Elon rather than the company IMO
Not enough cobalt in the world to satisfy demand tooo
He was just wrong. Sucks to suck.
@@chris0000924 the future of batteries will not have Cobalt.
Tesla is not hype if you look at what they're doing and their possible markets they can go into it will be a multi trillion dollar business in the future.
He is JEALOUS of Elon Musk who built his own S - -t instead of sitting around talking about other peoples
S - - t!!!