David Einhorn was on CNBC this morning talking about a variety of topics. Einhorn is rarely on TV but according to a recent shareholder letter, has been making the rounds to promote his book (recently updated) Fooling Some of the People All of the Time: A Long Short (and Now Complete) Story to Lehman Brothers and the financial system as a whole. Greenlight Capital’s David Einhorn discusses the current state of the markets and his investments with host Consuelo Mack. Since inception in 1996, Greenlight has delivered more than a 21% annualized (net of fees) return for its partners.
In this video Einhorn, tells CNBC what he is taking long positions on; including Sprint, Apple, Gold, Pfizer, Carefusion and Vodafone. Einhorn is short Moody’s, McGraw-Hill, St. Joe He also touches briefly on China and
Continued from part one... Q1 hedge fund letters, conference, scoops etc Abrams and his team want to understand the fundamental economics of every opportunity because, "It is easy to tell what has been, and it is easy to tell what is today, but the biggest deal for the investor is to . . . SORRY! Read More
Below are some great clips from the CNBC interview. Einhorn rarely speaks and when he does he always has something insightful to say. Enjoy!
In this video Einhorn, tells CNBC why he thinks low interest rates are “very dangerous long-term policy.”
In this video Laurence Meyer, a former Federal Reserve governor, and David Einhorn, discuss the November jobs report, commodity bubbles and more with CNBC.
In this video Einhorn, who first spoke publicly announced he was short Lehman Brothers in Nov. 2007 (Lehman went bankrupt in September 2010), tells CNBC how he spotted the red flags early on.