When David Einhorn, the poker-playing hedge fund superstar, decides to publicly take on a company whose stock he owns (or has shorted), he usually gets results. Once you establish a reputation for astute calls on Wall Street—Mr. Einhorn’s most famous being his bearish call on Lehman in the spring of 2008—the lemmings can’t help but Read More
That’s the sense we get from Greenlight Capital founder’s second-quarter letter to investors, in which Mr. Einhorn also “throws France under the bond vigilante bus” (Zero Hedge), celebrates his successful short of Green Mountain Coffee Roasters (down more than 50 percent) and wonders when his wife, Cheryl, an adjunct professor at Columbia Business School, will quit poaching Greenlight research analysts.
The whole letter is up at Dealbreaker; a piece of Mr. Einhorn’s summary of the European situation is here: Read More
If, inexplicably, you’re not interested in JPMorgan’s stunning $2 billion loss on a derivatives position accumulated by a trader known as Voldemoort, the London whale and just plain old Bruno Iksil, we’ve got the news from the rest of Wall Street: Read More
It’s a fun day to be David Einhorn: As Green Mountain Coffee Roasters stock plummeted in the wake of disappointing second quarter results, the Greenlight Capital hedge fund manager—famously short Green Mountain, maker of K-cup coffee pods—published a 4,000-word homily in Huffington Post that ranges from jelly donuts to the Simpson family’s financial future to Read More
As part of his media tour to promote the paperback version of his book, Fooling Some of the People All of the Time: A Long Short Story, Greenlight Capital head David Einhorn appeared on Charlie Rose to talk about how messed up the economy is. In response to questions about whether Lehman Brothers Read More
David Einhorn, the Greenlight Capital manager who can puncture a stock’s price with a mere flap of his gums, has joined Sarah Palin, China, Germany and many others in criticizing the Federal Reserve’s recently announced $600 billion bout of quantitative easing.
From The New York Times:
“It is Read More
David Einhorn, the hedge-fund manager who famously made a fortune by short-selling shares of Lehman Brothers as the company plunged into bankruptcy, said today that shares of St. Joe, a Florida real-estate developer, could go to zero. The stock promptly took a nearly 10 percent tumble and finished out the day’s trading down Read More
