Dan Loeb: The Lost Art of Short Selling, and Why Stock Picking is Back – All-In with Chamath, Jason, Sacks & Friedberg — Transcript

Dan Loeb: The Lost Art of Short Selling, and Why Stock Picking is Back – All-In with Chamath, Jason, Sacks & Friedberg — Transcript

Market views

Bullish

NVDA— Dan Loeb believes Nvidia is undervalued despite its $5 trillion market cap, arguing it will break out over the next 2-3 years based on earnings, similar to how Google and Amazon were once considered 'safe shorts' before their valuations expanded.

Bearish

HOMEBUILDERS— Third Point has been shorting home builders due to structural impairment from massive land pool commitments disguised as options, post-COVID inventory disruptions, unsustainable pricing, and squeezed margins from inflation while buyers can't afford current prices in the current financing environment.

Not investment advice.