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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: hdl who wrote (86923)	3/8/2013 10:56:06 AM
From: Pogeu Mahone	Read Replies (1) of 119361

Get eye and ear exams immediately! It is up for me. He is/was the chairman!? Embedded below is the video of Michael Steinhardt's interview with CNBC: Listen @ 2:40 Read more: http://www.marketfolly.com/2013/03/michael-steinhardt-is-not-very-long.html#ixzz2Mxq3J5Uz Thursday, March 7, 2013 Michael Steinhardt Is Not Very Long Right Now: Recent Interview Legendary hedgie Michael Steinhardt, now the Chairman of WisdomTree, sat down with CNBC for an interview today. Here's some comments from his talk: Michael Steinhardt's Latest Interview On his investor personality: "I have an innate inclination towards bearishness, that's the way I am. We each have our own personality and character composition and mine is tended toward the bearish side." On whether investors should wait for a pullback in the market after the big run-up: "I'm not sure it's going to stop, but I think that one must marvel at where the stock market is in relation to the rest of world, in relation to the economics, the politics... it's not a glorious happy time." On where he's putting money these days: "I have a number of stocks which are mostly specialized itsy-bitsy things. I own, I was Chairman of a company called Genie Energy (GNE)." On his average net long exposure: "I managed money for 29 years, and my average exposure in my funds for those 29 years was between 30-35% net long, now that's probably as bearish as anybody was in that period. I think having lower risk is a virtue. I'm not sure I'm a perma-bear." When asked if he's very long right now, he replied "no, no I'm not." Jim Chanos of Kynikos Associates was also in the media room during the interview and he noted that Steinhardt is one of the best short sellers there is. Embedded below is the video of Michael Steinhardt's interview with CNBC: For more on this legendary investor, head to Steinhardt on the differences between past and present hedge funds. Read more: http://www.marketfolly.com/2013/03/michael-steinhardt-is-not-very-long.html#ixzz2MxnbrarW

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