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”
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
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 – “Don’t Sit Around Trying To Figure Out The Precise Value Of Stocks”
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 … Read More
David Einhorn – When Investing Feels Like You’re Running Into A Headwind, Don’t Capitulate, Stick To Your Strategy
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
David Einhorn – There’s One Rule Of Investing That Has Served Us Well
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 … Read More
David Einhorn: Value Investing May Be Dead And Amazon And Tesla Killed It
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 … Read More
David Einhorn – The Ultimate Shareholder Letter When Your Fund Underperforms
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 … Read More