I just posted this on www.GuruFocus.com, thought the readers would be interested.
I had the pleasure of hearing David Einhorn speak earlier this week. I wanted to try to catch everything he said so I put my notes in short bullet points. He covered a lot of interesting topics including his book Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story, the Federal Reserve, St. Joe and more.
Below are the notes I took. Enjoy!
David Einhorn's Greenlight Capital funds were up 11.9% for 2021, compared to the S&P 500's 28.7% return. Since its inception in May 1996, Greenlight has returned 1,882.6% cumulatively and 12.3% net on an annualized basis. Q4 2021 hedge fund letters, conferences and more The fund was up 18.6% for the fourth quarter, with almost all Read More
- Einhorn barely spoke about the updated version of his book . Really just Q&A in general. 50% of David’s Allied Capital profits he donated to charity.
- Views himself as market agnostic in stock selection.
- Re market and economy, he’s not an “outlooker,” i.e. doesn’t generally have an outlook per se.
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