I just added a new resource page on Value Walk devoted to David Einhorn. This will remain a permanent page which can be found on the top menu bar under current value investors or at the current link-https://www.valuewalk.com/resource-page-2/current-value-investors/david-einhorn-resource-page/
DAVID EINHORN is president and co-founder of Greenlight Capital, a long-short value-oriented hedge fund, which started with $900k under management in 1996, and now has over $7billion under management. The fund has been closed to new investors for several years. Over the ensuing years, Greenlight has generated greater than 30% gross returns on an annual basis.
Einhorn is Chairman of the Board of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) and serves on the boards of Hillel: The Foundation for Jewish Campus Life, The Michael J. Fox Foundation for Parkinson’s Research, and the Robin Hood Foundation.
Qualivian Investment Partners Up 30% YTD; Long ORLY Thesis
Qualivian Investment Partners commentary for the second quarter ended July 30, 2020. Q2 2020 hedge fund letters, conferences and more “Short-term investors will accept a 20% gain because they didn’t spend the time to develop the conviction and foresight to see the next 500%.” - Ian Cassell Executive Summary Readers of investment letters fall into Read More
Einhorn graduated summa cum laude with distinction in all subjects from Cornell University, where he earned a B.A. from the College of Arts and Sciences.
When David was graduating college he was unsure what field he wanted to go into. He even met with the CIA about a possible job opportunity. Einhorn decided to work as an analyst at an investment bank called Donaldson, Lufkin & Jenrette (DLJ). Einhorn hated the job and the 100+ hour work weeks that came along with the position.
After two years at the firm, Einhorn joined a Hedge Fund with $150m aum called SC Fundamental Value Fund. Einhorn had a great learning experience there, and mastered the art of financial statement analysis. Einhorn described the most important lessons he learned at the firm as; To understand the nature of the business, the economics of the business compared to reported earnings, and are the managements’ decisions aligned with shareholder interests.
In 1996, Einhorn left the firm with his colleague Jeff Keswin to start Greenlight Capital.
In 2008 Einhorn authored Fooling Some of the People All of the Time: A Long Short Story, which described his battle with Allied Capital. Einhorn alleged fraud in the book that took place starting with his investigation of the company in 2002. Einhorn released an updated version of the book in December 2010 titled Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story, Updated with New Epilogue, where he adds an epilogue regarding further fraud at Allied, which could not be revealed at the time of original publication, the collapse of Allied Capital, and his short of Lehman Brothers. David Einhorn is donating 100% of the proceeds from the book to charity.
The full page can be found here-https://www.valuewalk.com/resource-page-2/current-value-investors/david-einhorn-resource-page/