David Winer ’05, a partner at Silver Pine Capital, recently appeared on Bloomberg Television. Alongside Bloomberg’s Abigail Doolittle, Winer discussed valuation and how to make money without having to rely on markets going up on “Bloomberg Markets.”
During the interview, Winer said, while valuations are high, estimates about Trump’s tax cuts are “baked into the earnings,” which could factor into lower S&P 500 valuation estimates. Winer also argued that buying puts to make money relies too heavily on market fluctuation. Instead of relying on markets to go up or down, Winer said deep-in-the-money cause spreads are a better investment option.
A new portfolio manager at Silver Pine Capital, Winer has worked at Goldman Sachs as an analyst in the Investment Banking Division. He was recruited from Goldman Sachs to work for a hedge fund in Boston, where he was the youngest person promoted to running a group. In 2010, he established his own privately-held firm.