David Einhorn: Q3 2019 Top 10 Holdings

Johnny HopkinsDavid EinhornLeave a Comment

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

David Einhorn: The Bear Case For Netflix

Johnny HopkinsDavid EinhornLeave a Comment

In his latest Q3 2019 Shareholder Letter, David Einhorn, discusses how he successfully shorted Netflix, and his ongoing bear case for the company. It provides a great insight into how top investors analyse these companies. Here’s an excerpt from the letter: Our Netflix (NFLX) short was another material contributor as … Read More

David Einhorn: Our Research Process Reverses The Analytical Framework That Most Traditional Value Investors Use

Johnny HopkinsDavid EinhornLeave a Comment

We’ve just been re-reading David Einhorn’s book – Fooling Some of the People All of the Time, A Long Short Story, in which he discusses how Greenlight’s research process reverses the analytical framework that most traditional value investors use. Einhorn also provides insights into his portfolio construction. Here’s some excerpts … Read More

David Einhorn: Q2 2019 Top 10 Holdings

Johnny HopkinsDavid EinhornLeave a Comment

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

David Einhorn: Greenlight Capital’s Big August Loss Compounds 2018 Woes

Johnny HopkinsDavid Einhorn, Investing StrategyLeave a Comment

Here’s an article at Institutional Investor which discusses David Einhorn’s ongoing underperformance. According to this article at Reuters – Billionaire investor David Einhorn’s Greenlight Capital hedge fund, whose bets on car companies General Motors and Tesla both moved against him in August, lost 7.6 percent this month, leaving the fund … Read More

David Einhorn: “Right Now The Market Is Telling Us We Are Wrong, Wrong, Wrong About Nearly Everything”

Johnny HopkinsDavid Einhorn, Investing StrategyLeave a Comment

David Einhorn recently released his Q2 2018 shareholder letter. It’s been another difficult quarter for Greenlight Capital losing an additional (5.4)%, and bringing the Greenlight Capital funds’ (the “Partnerships”) year-to-date loss to (18.3)%. In a quarter when the S&P 500 index returned 3.4%, bringing its year-to-date return to 2.6%. Despite the … Read More

Is David Einhorn’s Underperformance A Sign That Value Investing Is Set to Return

Johnny HopkinsDavid Einhorn, Value InvestingLeave a Comment

Here’s a great article at CNBC which discusses the similarities between David Einhorn’s current performance and that of Julian Robertson’s Tiger Management back in 1999/2000. In terms of what Einhorn’s current performance means for the future of value investing, the article makes the following point: “The down-on-his-luck investor [Einhorn] may … Read More

David Einhorn – When Investing Feels Like You’re Running Into A Headwind, Don’t Capitulate, Stick To Your Strategy

Johnny HopkinsDavid EinhornLeave a Comment

One of our favorite investors here at The Acquirer’s Multiple is David Einhorn. Einhorn is the founder of Greenlight Capital, which according to WhaleWisdom manages a stock portfolio valued at approximately $6.67 Billion. We’ve just finished reading through Greenlight’s latest Q4 2017 shareholder letter which shows that the fund has returned … Read More

The Lehman Brothers $1.1 Billion Discrepancy, “Accounting Ingenuity” – David Einhorn

Johnny HopkinsDavid Einhorn, Research, ResourcesLeave a Comment

(Image Credit, forbes.com) David Einhorn is one of most famous hedge fund managers on the planet and a master of company analysis. He’s the founder and president of Greenlight Capital, a “long-short value-oriented hedge fund”, which he started in 1996 with $900,000. The fund now has $9.27 Billion in assets under … Read More