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Legendary trader Larry Hite sees tech bubble, says Tesla yet to prove value

Jae-Kil Cho

Nov 23, 2020 (Gmt+09:00)

NEW YORK -- Larry Hite, long-time successful hedge-fund manager who doesn’t believe anyone can predict how the stock market will move, has warned of a bubble in tech stocks, citing Tesla Inc. as one such example.

The legendary trader also said property purchases are a good investment at a time when interest rates are at ultra-low levels, but the appetite for office buildings will wane in the wake of the COVID-19 pandemic.

Larry Hite
“Yes, there is a bubble and using Tesla as an example, we will have to wait and see if it will be able to prove itself,” Hite said in a recent exclusive interview with The Korea Economic Daily.

“I ...

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