Hedge fund manager David Einhorn, well known for his
persuasive belittling of companies he has shorted–a recent successful target
was Green Mountain Coffee Roasters (GMCR)– has slyly taken on a sturdier target
in his May 29 letter to holders in his Greenlight Capital funds: Warren
Buffett, Forbes tells us.
Buffett, you’ll recall, devoted ten paragraphs of his latest
letter to Berkshire Hathaway (BRK.A) shareholders to mocking Gold Bugs. It’s a
tour de force by the Old Man, and we highly recommend reading the passage. In it, Buffett figuratively stacks up all the
world’s gold and compares it to assets he views as more productive…
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