David Einhorn
David Einhorn is the founder and manager of the activist hedge fund Greenlight Capital. Greenlight has $4 billion in assets and boasts annualized returns of 27% going back 10 years. Einhorn has been quoted as saying, "We take the traditional value investor's process and just flip it around a little bit. The traditional value investor asks 'Is this cheap?' and then 'Why is it cheap?' We start by identifying a reason something might be mispriced, and then if we find a reason why something is likely mispriced, then we make a determination whether it's cheap." In addition, Einhorn finished eighteenth in the World Series of Poker in 2006.
Einhorn made headlines in spring-2008 related to his short sale on Lehman Brothers (NYSE: LEH). Einhorn questioned the level of the investment bank's write-downs related to the credit crunch.
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Einhorn's Greenlight Mentions Caterpillar (CAT) Short in Q4 Letter; Doesn't See Disney (DIS) Buying Netflix (NFLX)
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Einhorn's Greenlight Capital Enters GEO Group (GEO), U.S. Steel (X)
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Einhorn's Greenlight Capital's 13F Shows New Stake in Arris (ARRS), Calpine (CPN), Hertz (HTZ), Rite Aid (RAD), (More...)
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Einhorn's Greenlight Capital Enters Community Health (CYH), Globalstart (GSAT), PVH (PVH); Raises Apple (AAPL) (more...) - 13F
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Einhorn's Greenlight Capital invests in Yelp, natgas
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Einhorn's Greenlight Capital Enters DSW (DSW), Mylan (MYL), Yelp (YELP) (more...)
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David Einhorn Finds a Winner in Michael Kors (KORS)
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Einhorn's Greenlight Capital Raises Stake in Apple (AAPL), Enters Garmin (GRMN) (more...)
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Pre-Open Stock Movers 10/22: (OCLR) (PFPT) (TXN) (MCD) Higher; (RLYP) (CYH) (APOL) (VRX) Lower (more...)
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After-Hours Movers 10/21: (OCLR) (TXN) (EBAY) Higher; (CYH) (NOW) (AXP) Lower (more...)
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David Einhorn's Greenlight Capital Accumulates New Stake in Michael Kors (KORS)
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Einhorn's Greenlight Capital Trims Apple (AAPL), Lam Research (LRCX) Stakes; Sells Nokia (NOK)
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UPDATE: SunEdison (SUNE) SOTP is $35/sh; Greenlight Investment Letter Makes Waves
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Pre-Open Stock Movers 8/6: (FOSL) (MKTG) (KORS) Higher; (MDR) (AEO) (ALLT) Lower (more...)
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Top-10 News Items 08/13 - 08/17: Cisco Gets More Generous; Apple at New Highs; Facebook Insiders Exit; Romney Picks Ryan
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Pre-Open Winners 6/12: (AONE) (KORS) (URI) (more...)