- He has dissolved his hedge fund and will be parting ways from his partner Glenn Tongue.
- He has sold majority of his positions including Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), Goldman Sachs (GS), J.C. Penney (NYSE:JCP), AIG (NYSE:AIG) and Netflix (NASDAQ:NFLX).
- He has raised his cash position to 70%.
- He will building his portfolio slowly with 60% long bets and 40% shorts.
Here is the video: