Whenever hedge fund managers present ideas at investment conferences, they usually offer stocks. However, at the 2022 Sohn Investment Conference, David Einhorn of Greenlight Capital laid out a compelling case for owning gold right now.
“Indoctrination” Into Gold
Einhorn's grandfather started urging him to own gold when he was a very small child. His grandpa Ben warned that when the gold standard was replaced with fiat money, it would end with terrible inflation. The young Einhorn asked his grandfather when that would happen, and he said "eventually."
- See our full coverage of the conference here.
Q1 2022 hedge fund letters, conferences and more
Of course, "eventually" is not a...
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