- We
are in a period between two crises
- Falling
oil prices are very bullish for the consumer and the economy
- Japan
is past the point of no return
- The
portfolio is now 39% net long and “fairly fully invested”
- Einhorn
added to exposure during the May sell-off
- GM
is fundamentally misunderstood and “is a very cheap stock”
- Owns
puts on the Yen
- Still
holds gold
- Has
protection against higher interest rates
- He
is using various means to protect the portfolio from trouble in Europe
- Said it is nearly impossible to figure out when and how the European crisis will be resolved. The further it goes the more the number of bad scenarios builds
..................
More detailed notes from The Brooklyn Investor blog HERE.