Stan Druckenmiller: Buy IBM If You Want To Be Short Innovation

Duquesne’s Chairman and Chief Investment officer, Stan Druckenmiller joined Bloomberg Television’s Stephanie Ruhle today from the Robin Hood Investors Conference. Druckenmiller confirmed he is shorting International Business Machines Corp. (NYSE:IBM) in bet cloud computing to replace it, “It’s one of the more higher-probability shorts I have seen in years…IBM is old technology being replaced by cloud technology.” Druckenmiller:

–          Confirmed that he has talked about International Business Machines Corp. (NYSE:IBM)

Einhorn’s FOF Re-positions Portfolio, Makes New Seed Investment In Year Marked By “Speculative Exuberance”

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasIt has not just been rough year for David Einhorn's own fund. Einhorn's Greenlight Masters fund of hedge funds was down 3% net for the first half of 2020, matching the S&P 500's return for those six months. In his August letter to investors, which was reviewed by ValueWalk, the Greenlight Masters team noted that Read More

–          Said IBM a high probability short

–          Said IBM to be replaced by cloud computing

–          Said IBM free cash flow is reason for short now

–          Said IBM should be investing, not doing buyback

–          Says buy IBM ‘If you want to be short innovation’

–          Said he’s long Amazon; Amazon long not as big as IBM short

–          Said he likes, Inc. (NASDAQ:AMZN)’s Jeff Bezos

–          Said he thinks David Tepper is “Awesome”

–          Said his returns were subpar in past 10 years

–          Said his returns beat what in market

–          Said nothing to change market trend now

–          Said he bought Herbalife Ltd. (NYSE:HLF) in bet on Bill Stiritz