David Einhorn takes bullish position on Victoria's Secret at Sohn Conference
By
Aditya Raghunath
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
Billionaire hedge fund manager David Einhorn, known for his short-selling track record, surprised the investment community by taking a bullish stance on Victoria's Secret at the Sohn Investment Conference. Einhorn, who built his reputation on sharp short bets against companies like Lehman Brothers and Allied Capital, presented Victoria's Secret as one of his recommended investment picks, marking a notable shift from his typically bearish public positioning.
Key quotes
· 5 pulledDavid Einhorn is not known for cheerleading.
The Greenlight Capital founder built his reputation on sharp short bets, including his famous calls against Lehman Brothers and Allied Capital.
When Einhorn goes on offense, Wall Street tends to pay attention.
So when the billionaire hedge fund manager stepped onto the Sohn Investment Conference stage this month, smiling and seemingly upbeat, it was notable.
Even more notable was what he was pitching.
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