Despite the increased volatility in the markets in recent weeks, David Einhorn is ready to buy.
In an exclusive CNBC interview with Steve Wapner, the Greenlight Capital Co-Founder and President recognized that the current market has allowed him to“pounce” on stocks that have come down in value. Not having taken a long stance, Einhorn noted that he has been waiting for an opportunity where the markets are choppier to purchase stocks that he likes.
“There have been people who’ve been caught up in particular positions and caused them to sell maybe some other positions,” Einhorn said. “And we’ve been feeling fortunate because it was very hard a few months ago to find opportunities, and in the last couple of weeks, we’ve been able to pick up a bunch of things we are pretty excited about.”
Einorn also takes a cool-headed approach to the possibility of the Fed raising interest rates...