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David Einhorn Is Wondering If Value Investing Even Works Anymore

  • Is there a ‘new paradigm for valuing equities?’ he asks
  • Firm also disclosed stakes in Tempur Sealy, HP Enterprise
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Hedge fund manager David Einhorn is wondering if value investing -- the strategy he’s famous for following -- remains viable.

In a letter to investors Tuesday, Einhorn expressed frustration that growth stocks have outperformed value stocks -- and questioned whether investors are being clear-eyed when considering equity values.