David Einhorn and Daniel Loeb are two of the best investors of their generation. In today’s episode we review their latest investors letters and see two very different views on where the stock market is at and where it will go from here.

So we take a look at their portfolios and see how they're investing based on their views of the market. Which portfolio do we prefer? That is what we debate in today's episode.

That's not all we cover:

• America is cooked (and no, we're not talking about the election)
• Robinhood is introducing prediction markets and betting to its investment platform
• The New York Stock Exchange wants to move to 22 hour trading
• We answer two listener questions on Emerging Market ETFs
• And we compare the returns of index investing against active management in emerging markets

Resources discussed

• David Einhorn's letter
• Daniel Loeb's letter

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