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When David Einhorn speaks, the world usually listens. That doesn't mean what he says is particularly new or even insightful.

"Now there is a clear consensus that we are witnessing our second tech bubble in 15 years," the founder of hedge fund Greenlight Capital wrote last week to his investors. "What is uncertain is how much further the bubble can expand and what might pop it."

Image: David Einhorn (right), president of hedge fund Greenlight Capital, here on Bloomberg Television last year, is already warning of a bubble because of so much money being poured into tech. Photo: Scott Eells, Bloomberg