David Einhorn is following Fooldom
And for proof of the decline in the economy, all one needs to do is look at the earnings of the S&P500, the 500 biggest corporations in America, which are down to a measly $6.86 in earnings, down from last year's $84, which, with a current price of $896 for the index, gives a laughable P/E ratio of 130 for the S&P500! Hahaha! "Invest for the long-term by buying stocks that are so ridiculously overpriced that it makes you laugh so hard that it would make Graham and Dodd pee in their pants!" Hahaha!
-- The Mogambo Guru
After losing + 20% last year, Einhorn decided to follow the leaders here at Fooldom. See if you can guess which Fool Einhorn is reading after this video:
Although I am the Top Underperform player in Fooldom. I like Gold. I have writen about it several times. But you should own the physical gold, not paper gold or ETFs.