David Einhorn: Q32018 Top 10 Holdings

Johnny HopkinsDavid Einhorn, Portfolio ManagementLeave 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 here at The Acquirer’s Multiple digging through these 13F-HR documents … Read More

David Einhorn: Top 10 Holdings, New Buys, Sold Out Positions

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 here at The Acquirer’s Multiple digging through these 13F-HR documents … Read More

David Einhorn: There Are Many Parallels Between Tesla And Lehman Brothers

Johnny HopkinsDavid EinhornLeave a Comment

In his latest shareholder letter, David Einhorn makes some very interesting comparisions between Telsa and the Lehman Brothers collapse saying: “In thinking through TSLA more, it brings us back to Lehman, which went bankrupt 10 years ago. One of our key insights into Lehman was that the company had faced a credit crunch in 1998, bluffed its way through and … Read More

Einhorn’s Worst Year Ever: Greenlight Losses Swell to 26%

Johnny HopkinsDavid EinhornLeave a Comment

Bloomberg recently reported that David Einhorn’s hedge fund Greenlight Capital has had its worse year ever saying: Greenlight Capital, the hedge fund led by David Einhorn, lost 1.3 percent in September as U.S. stocks edged higher. Greenlight’s main fund declined 26.1 percent in the first three quarters of 2018, on pace for its worst year on record, according to an … 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 down 25.1 percent for the year, two investors said on … 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 latest results Einhorn is still optimistic about his value investing … 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 take comfort in history, however. Fellow value-style champion Julian Robertson … Read More

David Einhorn – “Don’t Sit Around Trying To Figure Out The Precise Value Of Stocks”

Johnny HopkinsDavid EinhornLeave a Comment

David Einhorn recently did a great presentation with the team at Oxford Union where he shared a number of aspects of his investing strategy. Einhorn discusses what to do when a position is not working out, how to value stocks, the downside of short-termism, and dealing with the differences between shareholders and management. Here are a some of the best take-aways … 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 1.6% year-to-date compared to the S&P 500, which has returned … Read More

David Einhorn – There’s One Rule Of Investing That Has Served Us Well

Johnny HopkinsDavid EinhornLeave a Comment

One of our favorite investors at The Acquirer’s Multiple is David Einhorn. One of the best Einhorn interviews was one he did with Value Investor Insight in which he discussed his investing strategy, how he modified the traditional value investing process to achieve outperformance, and the one rule of investing that has served him well. Here’s an except from that … Read More

David Einhorn: Value Investing May Be Dead And Amazon And Tesla Killed It

Johnny HopkinsDavid EinhornLeave a Comment

Here’s a great article on CNBC about David Einhorn and his thoughts on the future of value investing from his latest shareholder letter. “Given the performance of certain stocks, we wonder if the market has adopted an alternative paradigm for calculating equity value,” Einhorn writes in an investor letter to clients. Greenlight Capital returned 6.2 percent in the third quarter, … Read More

David Einhorn – The Ultimate Shareholder Letter When Your Fund Underperforms

Johnny HopkinsDavid EinhornLeave a Comment

One of our favorite investors here at The Acquirer’s Multiple – Stock Screener is David Einhorn. Einhorn is the founder and president of Greenlight Capital (Greenlight), a long-short value-oriented hedge fund. He started his fund in 1996 with $900,000 and generated 16.5% annualized return for investors from 1996 to 2016. As of 2017, Greenlight has $9.27 billion in assets under management. Einhorn … 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 management and since inception, according to Greenlight, has returned 1,902% … Read More