Whitney Tilson: “Traditional things like a spinoff used to be, you know…”

“Also, the markets have just gotten massively more competitive because you're now competing against supercomputers programmed by armies of PhDs running artificial intelligence. And so Traditional things like a spinoff used to be, you know, looking at companies that spun off subsidiaries used to be just shooting fish in a barrel and now that's gone because all the computers figured out that those spin offs were underpriced and undervalued and therefore they're not underpriced and undervalued. So it's gotten harder overall. On the other hand, there's just so much more hot money out there and Everybody's chasing momentum, etc. So that means if you're clever, if …” (04:20–04:40)

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