Bond God Jeff Gundlach Bought Facebook Shares And Sold Them After 14 Minutes

jeff gundlach

Photo: Business Insider

Jeff Gundlach, the CEO of the hugely successful DoubleLine Funds, just completed his latest national webcast.During the Q&A section, he talked about how he thought low-yielding Treasury securities were extremely unattractive.

He argued that the 5-year Treasury security effectively offered “reward-free risk.”

At one point, he said he thought that even Facebook offered a more attractive risk-reward profile.

According to his analysis, he concluded that Facebook would likely return at least 4 per cent in a matter of weeks or months.

So he bought some shares.

14 minutes later, Facebook was up 4 per cent, and he sold.

“14 minutes!” he exclaimed.

His point was that you can easily find better opportunities elsewhere.  Surely, this example wasn’t to brag.

SEE ALSO: Here’s Jeff Gundlach’s New Epic Presentation On ‘Financial Expressionism’ And The State of The Economy >

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