Hedge Fund Titan Steinhardt Says He Would Sell GM Stock "As Quickly As I Can"

Tyler Durden's picture

On one hand you have Phil Lebeau. On the other you have legendary hedge fund investor Mike Steinhardt. When asked whether he would sell a hypothetical allocation of GM stock, Steinhardt's response is about as priceless as it gets: "As quickly as I can. I don't think one should be a long-term holder in government securities, particularly government equity securities." q.e.d.


Fast forward to the end