"50% Of The US Stock Market Is Air": One Of Europe’s Greatest Investors Sounds The Alarm

A mega bull sees a mega bear

Christer Gardell is not your typical permabear.

The Swedish billionaire is the founder of Cevian Capital, one of Europe’s largest and most successful activist investment firms, and has spent more than two decades doing almost the exact opposite of what dominates markets today: buying concentrated positions in unloved companies, obsessing over cash flows, and then spending years forcing those businesses to become more valuable.