“We’ve been in a bull market for over a decade,” notes David Einhorn, president of Greenlight Capital in Part 2 of his recent interview with New York Times best-selling author Larry McDonald. But the hedge fund legend also tells the Bear Traps Report founder that investors’ pursuit of growth and disruption stories over value and traditional industries is a function of easy money. According to Einhorn, the price-discovery process is essentially broken. Where liquidity is the dominant market factor, mispricing and malinvestment are logical consequences. With central banks priming pumps all over the world, inflation is also inevitable. And we may have lost the plot. “It doesn’t really matter which electric vehicle company wins the battle,” says Einhorn. “You don’t have to pick a winner. You have to understand that change is happening in a broad way.” Einhorn and McDonald also address shifting attitudes in corporate governance, the impact of passive investing, and the ways political and social pressures influence big-picture trends. Recorded on February 3, 2022. For more information on The Bear Traps Report visit : https://www.thebeartrapsreport.com/ For Part 1 of this interview, check out: https://rvtv.io/3GVg2DH